Most companies, including companies far more security-sensitive than LogMeIn, pay no bug bounties at all. Meanwhile, the companies that pay the largest bounties are themselves routinely harangued online for underbidding the black market --- despite the fact that outbidding crime is in no way the purpose of a bug bounty.
From my vantage point, the logical conclusion to the comment you just wrote is that companies should avoid offering bug bounties. They just attract negative attention.
(I won't use LastPass, and have recommended 1Password --- but Tavis Ormandy is looking at 1Password right now, and I'm guessing they're going to end up disappointing HN too.)
It's true that not all companies pay bug bounties and you might very well be right that paying them, especially if they are much lower than other companies that operate bug bounties, might have a worse affect on public opinion then not having bug bounties at all. To me it's still concerning that Facebook pays 10x more for problems that are less severe and it does still make LastPass look like they don't care as much in comparison.
If this was a thread about a Facebook vulnerability, the exact same things would be said about Facebook. To verify for yourself, use the search box at the bottom of the page to find a thread about a Facebook bounty.
From my vantage point, the logical conclusion to the comment you just wrote is that companies should avoid offering bug bounties. They just attract negative attention.
(I won't use LastPass, and have recommended 1Password --- but Tavis Ormandy is looking at 1Password right now, and I'm guessing they're going to end up disappointing HN too.)