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Recent cybersecurity statistics indicate that databreaches are escalating into a significant international concern. This underscores the need not only for strong preventive measures to protect critical information but also for a well-defined strategy to contain the damage if attackers successfully breach your defenses.
Allegedly orchestrated by the same group known as Scattered Spider, these attacks highlight the significant challenges even the most respected and established brands face in defending against modern cyber threats. Then, the focus of cyberattacks on retailers, and what lessons must be learned by business leaders and customers.
Today, bad actors are ruthlessly skilled at cracking passwords – whether through phishing attacks, social engineering, brute force, or buying them on the dark web. In fact, according to Verizon’s most recent databreach report, approximately 80 percent of all breaches are caused by phishing and stolen credentials.
Firstmac Limited disclosed a databreach after the new Embargo extortion group leaked over 500GB of data allegedly stolen from the company. Firstmac Limited, one of the largest non-bank lenders in Australia, disclosed a databreach. The company is notifying the impacted customers. ” continues the notice.
The Work from Home (WfH) culture might do well to the employees, but some companies are disclosing openly that they are witnessing a surge in cyberattacks( mainly databreaches) on their IT infrastructure as their employees are not following basic cyber hygiene of using strong passwords and authenticating their Identity whole accessing networks.
In the contemporary and advanced society, cyber threats are on the rise in both quantity and sophistication. No day goes by without risk of databreaches, identity theft, or financial losses to both people and businesses around the world. The startling fact is that more than 55% of breaches stem from credential attack vectors.
Japanese watchmaker Seiko revealed that the attack that suffered earlier this year was carried out by the Black Cat ransomware gang. On August 10, 2023, the Japanese maker of watches Seiko disclosed a databreach following a cyberattack.
educational nonprofit organization National Student Clearinghouse disclosed a databreach that impacted approximately 900 US schools. The security breach resulted from a cyberattack exploiting a vulnerability in the MOVEit managed file transfer (MFT).- reads the advisory published by the company.
Massive data base breaches today generally follow a distinctive pattern: hack into a client -facing application; manipulate an API; follow the data flow to gain access to an overly permissive database or S3 bucket (cloud storage). A classic example of this type of intrusion is the Capital One databreach.
Compromised logins continue to facilitate cyberattacks at all levels, from phishing ruses to credential stuffing to enabling hackers to probe deep inside of a breached network. Verizon has been doing this very substantive report, in which it culls hard evidence collected in actual databreach investigations, for 12 years.
Both the companies revealed the same in SEC filing and apologized for the incident and assured that such databreaches will never get repeated. Whereas, Vodafone is still investigating the cyberattack claims and internal data theft. The company that ferries about 4.6 The company that ferries about 4.6
It turned out that over 223 million passwords from the found data trove were new to the online world and 613 million passwords were already used by many and some using them have already become a victim of a cyberattack.
Fast Company that offers technology and business news through print and online circulation was hit by a cyber-attack recently, promoting the company to shut it down on a temporary note. A certain section of media stated that the attack was of the ransomware genre earlier. However, nothing can be confirmed yet. .
Cybersecurity Awareness Month: Resilient Multi-factor Authentication (MFA) and Strong Passwords. How much do they trust industries to keep their sensitive data secure? How do cyberattacks impact them, and how are they protected? Resilient multi-factor authentication and strong passwords are critical.
Policybazaar, the Indian Insurance companies that offer an array of online services to users seeking health and car insurance were targeted by hackers leading to a databreach. So, at this juncture, incidents such as these can put a permanent dent to their business expansion, as IRDAI doesn’t take databreaches lightly.
Well, this astonishing fact was revealed by a whistleblower who took part in last year’s databreach response of the company. Brian Krebs, the owner of KrebsOnSecurity was the first to report on the breach that was disclosed to him by the whistleblower last month. million in BTC to keep things private.
Related: Passwordless workpace long way off However, as users engage with more applications across multiple devices, the digital security landscape is shifting from passwords and password managers towards including passwordless authentication, such as multi-factor authentication (MFA), biometrics, and, as of late, passkeys.
If these cyberattacks are successful, even just a little, they could lead to billions of pounds in damages and losses to the companies that own the platforms and the traders. So, lets explore how spread betting platforms are rising to this challenge and ensuring that their platforms are cyber risk-free. Thats true.
A massive cyberattack targeting drive maker Western Digital Corp. One of the hackers apparently disclosed the extent of the cyberattack to TechCrunch this week. WDC) could potentially have serious and long-term implications. “We need WDC to tell us exactly what’s at stake, and quickly.”
Okta warns of credential stuffing attacks targeting its Customer Identity Cloud (CIC) feature since April. The advisory published by the company states that the attacks targeted the endpoints supporting the cross-origin authentication feature, the attacks hit several customers. ” reads advisory.
Phishing often serves as the gateway to cyberattacks, opening the door to impactful follow-on activity like malware and ransomware deployment or access to internal networks, ultimately causing substantial financial losses. For organizations, this can result in account compromise, data loss, databreaches, and operational disruption.
Samsung confirmed that threat actors had access to the source code of its Galaxy smartphones in recent security breach. Samsung this week disclosed a databreach, threat actors had access to internal company data, including the source code of Galaxy models. Various other data, confidential source code from Qualcomm.
Chinese threat actors use Quad7 botnet in password-spray attacks FBI arrested former Disney World employee for hacking computer menus and mislabeling allergy info Sophos details five years of China-linked threat actors’ activity targeting network devices worldwide PTZOptics cameras zero-days actively exploited in the wild New LightSpy spyware (..)
When databreaches escalate, cyber-attacks grow more sophisticated, nation states ramp up their digital warfare, and regulations tighten the noose, staying ahead isnt just an optionits your only line of defence. The AI Question AI is on everyones lips and theres no denying that its revolutionising the way we do business.
Passkeys are a lot easier to manage and are resistant to phishing , harvesting and other credential attacks, which is why it’s making its way into the mainstream as a more secure and convenient authentication method. Just last week, Google announced that it will support passkeys for Google accounts.
The BBC and British Airways were both impacted by the databreach suffered by the payroll provider Zellis. As a result of the cyberattack on the payroll provider Zellis, the personal data of employees at the BBC and British Airways has been compromised and exposed. reads the advisory published by the company.
As databreaches and cyberattacks continue to rise, the traditional method of securing online accounts using passwords is becoming increasingly ineffective. MFA requires users to provide more than one form of authentication, such as a password and a one-time code sent to their phone or email.
MongoDB on Saturday disclosed it is investigating a cyberattack against certain corporate systems. The cyberattack was discovered on December 13, 2023, and led to the exposure of customer account metadata and contact information. .”
Set-up 2-factor authentication. If somehow passwords are leaked, a hacker can cause a databreach. Two-factor authentication or two-step verification involves adding a step to add an extra layer of protection to accounts. Back-up your data. It is vital to back-up your data. Use antivirus software.
Keeping these systems up to date and installing the latest security patches can help minimize the frequency and severity of databreaches among organizations. Strengthen authentication. Next, implement multi-factor authentication to make gaining access even more difficult for hackers. Train staff regularly.
It’s also valuable to consider the sheer amount of compromised data a cybersecurity breach could cause. For example, data from a recent report showed that just two databreaches during 2020 resulted in more than 18 billion compromised records.
Comcast’s Xfinity discloses a databreach after a cyberattack hit the company by exploiting the CitrixBleed vulnerability. Comcast’s Xfinity is notifying its customers about the compromise of their data in a cyberattack that involved the exploitation of the CitrixBleed flaw.
London hospitals canceled over 800 operations in the week after Synnovis ransomware attack DORA Compliance Strategy for Business Leaders City of Cleveland still working to fully restore systems impacted by a cyberattack Two Ukrainians accused of spreading Russian propaganda and hack soldiers’ phones Google fixed an actively exploited zero-day (..)
These attacks have proliferated to such a degree that there were 493 million ransomware attacks in 2022 alone, and 19% of all databreaches were the result of stolen or compromised login credentials. With AI amplifying social engineering threats, businesses' attack surfaces grow increasingly larger.
Israeli man sentenced to 80 months in prison for providing hacker-for-hire services Russian APT Gamaredon uses USB worm LitterDrifter against Ukraine The board of directors of OpenAI fired Sam Altman Medusa ransomware gang claims the hack of Toyota Financial Services CISA adds Sophos Web Appliance bug to its Known Exploited Vulnerabilities catalog (..)
5 Cyber Security Best Practices to Protect Your Business Data. Cyberattacks become more sophisticated every year. That’s why large, medium-sized, and small businesses need to become more proactive in their approach to cyber security. Wondering how your business can avoid being a victim of a cyber-attack?
Every week the best security articles from Security Affairs are free for you in your email box. Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.
HSBC Bank USA notified customers of a databreach that has happened between Oct 4 and Oct 14, unknown attackers were able to access their online accounts. In response to the security breach, the United States subsidiary of HSBC blocked access to online accounts to prevent abuses. Pierluigi Paganini.
People suddenly getting a lot of spam emails may be the target of a sophisticated cyber-attack. It may also be a part of a more targeted attack. Leaked email: Companies or third-party vendors put email address security at risk when they experience databreaches. billion people by using malware.
CISA adds PTZOptics camera bugs to its Known Exploited Vulnerabilities catalog Canadian authorities arrested alleged Snowflake hacker Android flaw CVE-2024-43093 may be under limited, targeted exploitation July 2024 ransomware attack on the City of Columbus impacted 500,000 people Nigerian man Sentenced to 26+ years in real estate phishing scams Russian (..)
The Italian luxury sports car manufacturer Ferrari confirmed the availability of internal documents online, but said it has no evidence of cyberattack. Documents belonging to the Italian luxury sports car manufacturer Ferrari are circulating online, the company confirmed their authenticity stating it is not aware of cyberattacks.
Cyber-attacks are becoming more sophisticated and devastating, especially for small and medium enterprises (SMEs). With ransom demands rising and the cost of databreaches soaring, businesses are investing heavily in building their cyber defenses. However, cybersecurity is not bullet-proof.
Now the Department of Veteran's Affairs (VA) is sending breach notification letters to tens of thousands of veterans impacted by a recent databreach. What do we know about the VA databreach against veterans? How large was the VA databreach? How do I know if I am part of the VA databreach?
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