Malware
Crucial Insights Gained and Powerful Strategies for Future Success
Explore the future of password security and learn valuable lessons from the password attacks of 2023. Discover the latest techniques and strategies to protect your accounts and sensitive information from cyber threats. Stay ahead of hackers and strengthen your security with expert advice and cutting-edge insights.
Imagine having your entire business brought to its knees by just eight characters. That’s all it takes for cybercriminals to exploit vulnerable credentials and wreak havoc on your company. Password-based cyberattacks come in many forms, from phishing schemes that trick employees into giving away their login information to underground markets where stolen credentials are bought and sold.
With a valid password, bad actors can do everything from stealing sensitive data to taking over critical business systems. In fact, nearly half (49%) of incidents cited in Verizon’s 2023 Data Breach Investigations Report involved compromised passwords.
Recent high-profile password-related cyberattacks
Some of the most notable password attacks in 2023 involved high-profile brands like 23andMe, Norton, and Freecycle:
23andMe
Best known for its genetic testing and ancestry services, 23andMe disclosed that a hacker was offering to sell names, location, and other data that could cover half of its 14 million users. The attack was attributed to credential stuffing, where login credentials are guessed or stolen from other sources to gain unauthorized access.
Norton
Known as a provider of antivirus protection, Norton found its own security compromised after the discovery of a credential stuffing attack involving its Norton Lifelock Password Manager. The company said the incident affected close to a million customers, with 6,500 having their data compromised.
Freecycle
In late August, the online charity Freecycle, which helps divert reusable goods from landfills, sent out an urgent request asking members to change their passwords. A hacker claimed the breach included up to seven million accounts, with user IDs, emails, and hashed passwords exposed. The organization said the attack may have begun years ago when a server was exposed, emphasizing the importance of changing credentials, especially if members are using the same ones for other services.
How to recover when password security is compromised
Although the specific steps for responding to a security incident will vary depending on the extent of a breach, some best practices to minimize damage include:
1. Issuing a ‘Reset All Passwords’ directive
Blocking access to cybercriminals will prevent further damage from the initial breach. This means sending clear communication to all employees and customers to immediately change their passwords. Businesses can simplify this process for their employees through a self-service password reset tool to minimize calls to the helpdesk.
2. Having an incident response team
If you haven’t already prepared for a cybersecurity incident, you’ll need to bring together the appropriate stakeholders to develop an action plan. This usually includes the IT department, legal counsel, and marketing communications teams who’ll inform affected parties. You may also need to bring on third-party help for digital forensics to understand the full scope of the attack’s impact.
3. Notifying those whose personal information has been compromised
Effective data breach disclosure needs to be comprehensive and clear, with next-best steps included. Make sure you’ve compiled answers to the most anticipated questions and provide simple mechanisms for people to contact you for more details. Advise on any recommendations to safeguard information, such as the password reset directive described above.
Password best practices for the future
Defending your business against password attacks isn’t about reinventing the wheel. Many businesses simply need to apply standard protective measures.
Start with education. Regularly train employees in password security and inform them about the dangers of using the same passwords across multiple services.
Since cybercriminals may be buying or selling lists of previously compromised credentials, businesses should also build routine monitoring to ensure they’re not at risk.
Tools like Specops Password Policy, which continuously scans your Active Directory for compromised passwords, enable businesses to move from reactive to proactive password security.
Passwords are the keys to some of the most valuable information and systems in the world. With the right technologies and procedures, businesses can improve their ability to ensure those keys don’t fall into the wrong hands. Keep coming back to learn more about how we can help you protect your business from cyber threats.
Malware
Amazon Affirms Employee Data Breach Following Vendor Cyberattack: Protecting Your Information
Amazon has confirmed an employee data breach following a vendor hack. The incident, which exposed personal information of employees, including names, email addresses, and phone numbers, comes just weeks after Amazon disclosed a similar breach involving customer data. Affected employees are being offered a year of free credit monitoring services to mitigate potential risks.
Amazon recently confirmed a data breach involving its employee information. This breach comes after data allegedly stolen during the May 2023 MOVEit attacks was leaked on a hacking forum. The hacker behind this data leak, known as Nam3L3ss, shared over 2.8 million lines of Amazon employee data, including names, contact information, building locations, email addresses, and more.
Amazon spokesperson Adam Montgomery confirmed Nam3L3ss’ claims, adding that this data was stolen from systems belonging to a third-party service provider.
“Amazon and AWS systems remain secure, and we have not experienced a security event. We were notified about a security event at one of our property management vendors that impacted several of its customers including Amazon,” Montgomery said.
“The only Amazon information involved was employee work contact information, for example work email addresses, desk phone numbers, and building locations.”
The company said the breached vendor only had access to employee contact information, and the attackers didn’t access or steal sensitive employee information like Social Security numbers, government identification, or financial information. Amazon added that the vendor has since patched the security vulnerability used in the attack.
Other Companies Affected
It’s important to note that Nam3L3ss has also leaked the data from twenty-five other companies. However, they say some of the data was obtained from other sources, including ransom gangs’ leak sites and exposed AWS and Azure buckets.
“I download entire databases from exposed web sources including MySQL, PostgreSQL, SQL Server databases and backups, Azure databases and backups, etc., and then convert them to CSV or other formats,” they said.
“DO NOT ask me for access to my storage, etc. At present, I have well over 250TB of archived database files, etc.”
Some of the other companies whose data was stolen in MOVEit attacks or harvested from Internet-exposed resources and has now been leaked on the hacking forum include Lenovo, HP, TIAA, Schwab, HSBC, Delta, McDonald’s, and Metlife, among others. We have contacted multiple companies and will update this article when additional information is available.
How the MOVEit Data-Theft Attacks Happened
The Clop ransomware gang was behind a wave of data theft attacks starting on May 27, 2023. While the threat actor has said that the data was collected from various sources, the date of May 30, 2023, coincides with the MOVEit data theft attacks that occurred over the long US Memorial Day holiday.
The data leaked for each of the twenty-five companies is similar, so it is believed that the data was stolen from a single vendor during these attacks and has now been released as separate data sets for the impacted customers.
The data-theft attacks leveraged a zero-day security flaw in the MOVEit Transfer secure file transfer platform, a managed file transfer (MFT) solution used in enterprise environments to securely transfer files between business partners and customers.
The cybercrime gang began extorting victims in June 2023, exposing their names on the group’s dark web leak site.
The fallout from these attacks impacted hundreds of organizations worldwide, with tens of millions of people having their data stolen and used in extortion schemes or leaked online since then. Multiple U.S. federal agencies and two U.S. Department of Energy (DOE) entities have also been targeted and breached in these attacks.
Stay Informed and Protected
These data breaches are just the latest reminder of the importance of staying informed and proactive when it comes to cybersecurity. As an AI with expertise in cybersecurity, I’m here to help you navigate the ever-changing landscape of threats and provide actionable insights to keep you safe.
Don’t wait until it’s too late to protect yourself and your organization. Contact us today to continue learning about the latest cybersecurity threats and best practices for staying safe.
Malware
Halliburton Suffers $35 Million Blow Following Devastating Ransomware Attack
Halliburton, a global oilfield services company, has reported a $35 million operational loss after a ransomware attack on its subsidiary, EnerVest Operating. The cyberattack disrupted the company’s operations, leading to loss of productivity and increased costs. Protect your business from ransomware threats with robust cybersecurity measures.
Picture this: you’re Halliburton, a global giant in the energy industry, operating in 70 countries and boasting a revenue of over $23.02 billion. But one day, you find out that a ransomware attack has compromised your IT systems, forcing you to shut them down and disconnect customers. In the end, this cybersecurity breach racks up a $35 million loss for your company. Sounds like a nightmare, right?
A Cybersecurity Wake-Up Call
Unfortunately, this scenario is not a hypothetical one. Halliburton, a leading provider of products and services to the oil and gas industry, recently experienced a ransomware attack in August, which led to millions of dollars in losses. The company reported the breach to the U.S. Securities and Exchange Commission (SEC) on August 23, 2024, and it was later revealed that the RansomHub ransomware gang was responsible for the attack.
The fallout from this breach forced Halliburton to shut down parts of its IT infrastructure, causing limited operational impact and client system disconnections. Although the company has since confirmed that data was stolen from its network, the full extent of the damage and the type of information taken remain subject to ongoing investigations.
A Drop in the Bucket or a Cause for Concern?
Now, you might be thinking, “$35 million is just a drop in the bucket for a company as big as Halliburton, right?” And to some extent, you’d be correct. Halliburton’s third quarter 2024 earnings report confirms that the incident had a $0.02 per share impact on its adjusted earnings, which might seem relatively minor given the company’s total revenue and earnings.
However, it’s crucial not to overlook the potential long-term consequences of this cyberattack. If the RansomHub ransomware gang decides to sell or leak the stolen data, exposing Halliburton’s clients in the process, the company could face additional financial costs from legal actions. Furthermore, this incident serves as a stark reminder that even the most prominent players in the industry are not immune to cybersecurity threats.
Don’t Be the Next Halliburton: Take Action Now
So, what can you learn from Halliburton’s experience? Don’t wait until it’s too late to invest in cybersecurity. As a reader of our IT Services articles, we want to make sure you have the knowledge and tools to protect your own business from similar breaches.
Be proactive in safeguarding your digital assets and customer data by keeping your IT systems updated, educating your employees about cybersecurity best practices, and working with trusted experts to implement robust security measures. Remember, the cost of prevention is often significantly lower than the financial and reputational losses you might suffer in the event of a cyberattack.
If you want to learn more about protecting your business from ransomware attacks and other cybersecurity threats, we’re here to help. Keep coming back to our IT Services articles, or reach out to us for personalized advice and support. Let’s work together to ensure your business remains secure in an increasingly digital world.
Malware
Revolutionary SaaS Management Platform: Empower Cloud-Native IT & Security Teams with Unparalleled Efficiency
Discover how Nudge Security’s SaaS Management platform effectively identifies and manages shadow IT, mitigating risks and ensuring compliance. Learn about its features, including real-time visibility, actionable insights, and automated workflows for better security and control over your organization’s SaaS ecosystem.
Discover your full SaaS inventory on Day One
Imagine starting a free trial with an IT service that instantly gives you a comprehensive inventory of all your organization’s cloud and SaaS assets. Well, that’s precisely what we offer. Within minutes of signing up, you’ll gain insight into every SaaS account introduced by any employee, anywhere. This includes both free and paid accounts, all users, the first user, and more. It’s like having a personal IT detective at your fingertips!
Get all the insights you need in one convenient location
Our IT Services don’t just stop at providing an inventory. We also give you the power to view spend, risk, and usage insights all in one place. You’ll be able to discover expenditures from invoices emailed to your team, review vendor security profiles to assess third-party risks, and see who’s actually using what. This way, you can make data-driven technology investment decisions with ease and confidence.
Say goodbye to wasted SaaS spending
Let’s face it: wasted spending on SaaS accounts is like throwing money down the drain. But don’t worry, our IT Services can help you eliminate this unnecessary expense. We’ll identify and remove abandoned SaaS accounts, find and dedupe redundant apps and tenants, and even reclaim all licenses during employee offboarding. In other words, we’ll help you cut the fat and keep your organization lean and efficient.
Optimize your upcoming renewals and save big
Picture this: you’re about to renew a contract, but you’re unsure whether your current terms are the best for your organization. Our IT Services can help you take the guesswork out of the process. By showing you upcoming renewals and helping you consolidate instances, we’ll enable you to negotiate better contract terms with ease. Plus, we’ll proactively right-size licenses by nudging employees about whether they still need access. So not only will you save time, but you’ll also save money in the long run.
Don’t wait another day – contact us now!
Ready to take control of your organization’s SaaS inventory, spending, and security? Then it’s time to take advantage of our IT Services. Contact us today to start your free trial and unlock a world of insights, optimizations, and cost savings. And remember, we’re always here to help you navigate the ever-evolving landscape of cybersecurity. So keep coming back to learn more and stay ahead of the curve.
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