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The LastPass (LogMeIn) Privacy Policy states that the company collects various types of personal information when you use their services. Therefore you need to take the company’s word for it that they can’t read your data and there’s nothing fishing going on with backdoors or exploits.

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That said, since the LastPass code is not open source, unlike Bitwarden, for example. For example, ProtonMail was also forced to comply with lawful data requests, but because emails are stored encrypted at rest, there’s not much that can be gained anyway. This isn’t anything out of the ordinary, however, as it also affects secure email services. Since your data is encrypted and LogMeIn doesn’t have the ability to decrypt it, there isn’t much they can hand over. Since the company is based in the United States, which is a Five Eyes surveillance country, this means that your data may be accessible to various US agencies, in accordance with US laws. If necessary and in accordance with applicable law, we will cooperate with local, state, federal and international government authorities with respect to the Services. There is one point that some people may be leery of. The Terms of Service seem pretty standard. Here’s what I got out of it (but I’m not a lawyer). It is general in that it covers all the many services they offer. Since LastPass was purchased by LogMeIn, the applicable Terms of Service (TOS) is the LogMeIn document. People are spending more money on these services, hence the growth – but back to the LastPass review.

Startpage accepted a large investment from System1 (an ad tech company)īut this is not surprising, given the increasing concerns over data protection, identity theft and fraud, and other alarming cybersecurity statistics.

Private Internet Access was acquired by Kape Technologies.

Is it good that LogMeIn has been acquired by US venture capital firms? Time will tell, but this matches up with the trend we’ve been seeing of privacy services selling out to various entities: The all-cash transaction values LogMeIn at an aggregate equity valuation of approximately $4.3 billion. LogMeIn, Inc., a leading provider of cloud-based connectivity, today announced that it has entered into a definitive agreement (or the “Agreement”) to be acquired in a transaction led by affiliates of Francisco Partners, a leading technology-focused global private equity firm, and including Evergreen Coast Capital Corporation (“Evergreen”), the private equity affiliate of Elliott Management Corporation (“Elliott”), for $86.05 per share in cash. Then, in December 2019, LogMeIn officially announced that it was being acquired by US private equity firms. If you are concerned about trusting your data to a small company with not much revenue and just a few employees, that won’t be a concern here. LogMeIn is a public company, based in the United States, and listed on the NASDAQ stock exchange, with annual revenue of over $1 billion. In October 2015, LastPass was acquired by LogMeIn, Inc. LastPass has been storing passwords for the world since August 2008.

But first, let’s talk about some background information that will help you decide if you should read further. Note: I’ll cover the other versions of LastPass and their additional features a bit later in this review.

Securely sync passwords between all your devices.

Store passwords, secure notes, addresses, credit card info, bank accounts.

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Here are the core features of LastPass, the ones that you have access to in the free versions of the product.

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LastPass core features (available for free users) Synchronizes across all your devices and browsers.2FA and Multi-factor Authentication Support.Supported platforms include macOS, Android, iOS, and major browsers.

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Here’s a quick summary of the full set of LastPass features, some of which are only available on paid versions of the product: