Lastpass price increase6/23/2023 ![]() Now, the app is warning users that they must pay as much as $36 a year if they want access to those cumbersome passwords on all their devices. Two investment firms, Elliott Management and Francisco Partners, acquired the service as part of their $4.3 billion buyout of Internet software group LogMeIn in September last year. Instead, the software handles authentication automatically using long, complex passwords that are impossible to guess-or remember. LastPass has encouraged millions of people to replace weak passwords on retail websites, Internet banks and other online services. A popular app that promised to eliminate the burden of remembering passwords has sparked a backlash by demanding, weeks after it was acquired by two private equity firms, that users pay up or face restrictions on access to their online accounts.
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