LastPass Separates From GoTo

LastPass, the password manager company, has officially separated from its parent company, GoTo, following a series of high-profile hacks in recent years. The company will now operate under a shareholder holding company called LMI Parent. LastPass -- owned by private equity firms Francisco Partners and Elliott Management -- has faced criticism for its handling of the breaches, which resulted in the theft of customer data and encryption keys. The company has since enforced a 12-character minimum for master passwords to improve security.

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