Could it be that you also upgraded php at the time you updated to Elgg 1.12? Possibly, the php variable session.gc_maxlifetime in php.ini isnt't set to the default value since then and that might be the reason the session times out after 5 minutes already. I would suggest to check the value of session.gc_maxlifetime and possibly the other session.gc.* php variables in php.ini and set them to the default values if the values are different.
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