LastPass Gets Initial Nod for $24.5 Million Data Breach Deal

LastPass USA LLP will pay up to nearly $24.5 million to settle a proposed class action over a 2022 data breach that exposed the personal information of millions of people and led to the looting of cryptocurrency accounts, under a deal given initial approval in federal court.

The password-security services provider would create an $8.2 million settlement fund to compensate class members for their losses arising from the breach, according to the plaintiffs’ motion for preliminary approval filed the US District Court for the District of Massachusetts. A separate fund of about $16.3 million would be set aside to compensate ...