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LastPass Has Revealed Yet Another Security Breach

It’s been revealed that the popular password manager was hacked using intel gained from a previous August 2022 attack.

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lastpass has revealed yet another security breach

The CEO of LastPass, Karim Toubba, has revealed that the leading password manager has suffered another serious data breach. Toubba said that LastPass engineers detected unusual activity from a third-party cloud storage service in August 2022 — a service shared with parent company GoTo, which readers may remember by its former name of LogMeIn.

Security firm Mandiant was hired to investigate the suspicious incident, and together, they uncovered that the unauthorized person(s) gained access to LastPass cloud services using information obtained from a previous security breach in August of this year. The latest incident is thought to be rather serious, giving the criminal party access to “certain elements” of customer information.

When the password manager’s systems were breached back in August, Toubba says that after an investigation, the unauthorized party was found to have had internal access to LastPass systems for four days. The hacker was able to steal source code and some technical information, but security engineers said customer data and password vaults remained safe.

Also Read: WhatsApp Hacker Is Selling Over 150 Million MENA Numbers

In a separate but related announcement, parent company GoTo has admitted that hackers gained entry into its own development environment of remote work tools. Echoing the statement from LastPass, GoTo has assured customers that its services are functioning fine despite the data breach. Both LastPass and its parent company are still investigating the scope of the incidents, and we’ll likely hear more details over the coming months.

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Lebanon Ministers Meet Visa Over National Digital Payment Platform

Finance and technology ministers say a comparative study and roadmap will follow before any decision on adopting a model.

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lebanon ministers meet visa over national digital payment platform

Lebanon’s finance and technology ministers met representatives from Visa last week to discuss a proposed unified national digital payment platform for government services, according to a readout from the Ministry of Finance.

The meeting brought together Finance Minister Yassin Jaber, Minister of State for Technology and Artificial Intelligence Kamal Shehadeh, a Visa delegation, and experts from both ministries. Discussion focused on whether Lebanon could establish a single platform through which citizens and institutions would pay taxes, fees, fines and other official transactions electronically, using mobile phones and other digital channels.

The Visa delegation presented examples from countries that have adopted unified government payment platforms, including the United Arab Emirates, Singapore, Estonia and Jordan. According to the readout, the examples were presented as having increased collection rates and expanded financial inclusion.

Talks covered settlement mechanisms, direct transfer to the treasury account, financial reconciliation, risk management, cybersecurity, fees, and an operational model that would involve the private sector. The parties agreed to continue technical and institutional consultations, prepare a comparative study, and develop an implementation roadmap before any decision on adopting a model for Lebanon.

Jaber said the Ministry of Finance had already enabled citizens to pay using credit cards and e-wallets through transfer companies, but described the proposed platform as a further step. He framed the development of electronic payment and collection systems as a priority within the ministry’s modernization plan.

Also Read: Deezer Says AI Tracks Now Make Up 44% Of Uploads

Shehadeh outlined the citizen-facing concept as a single mobile application through which users could settle obligations to ministries, government institutions and other bodies.

“The idea, in short, is that any citizen downloads an application on their mobile phone, through which they can pay all service obligations for all ministries, government institutions, or those owned by the Lebanese state, and others as well, as the platform is not limited only to state institutions,” he said.

Shehadeh added that the platform would not displace banks and money transfer companies that currently provide collection services to the state, calling it complementary to their work.

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