Malware
Flagstar Bank’s Latest Data Breach: 800,000 Customers Impacted, Marking the Third Incident of 2021
Flagstar Bank experiences its third data breach of 2021, impacting 800,000 customers. Stay updated on this incident.
Flagstar Bank Warns Customers of Data Breach
Flagstar Bank, a Michigan-based financial services provider now owned by the New York Community Bank, has issued a warning to over 800,000 US customers whose personal information was stolen in a data breach. The breach occurred at a third-party service provider, Fiserv, which Flagstar uses for payment processing and mobile banking services.
A data breach notification sent to affected customers explains that Fiserv was targeted in the widespread CLOP MOVEit Transfer data theft attacks. These attacks have affected over 64 million individuals and two thousand organizations worldwide, as reported by Emsisoft.
The cybercriminals exploited a zero-day vulnerability in Fiserv’s MOVEit Transfer product to gain unauthorized access to the systems and subsequently stole Flagstar customer data held by the vendor.
The specific types of compromised data have been redacted in the sample data breach notification letters. However, the Maine data breach portal lists names and Social Security Numbers (SSNs) as being stolen by the threat actors.
The total number of Flagstar Bank customers impacted by this incident in the United States is 837,390.
Repeat Breaches for Flagstar Bank
This recent breach marks the third time Flagstar has experienced a data breach since March 2021. The first breach occurred when the Clop ransomware gang hacked Flagstar’s Accellion file transfer server in January of that year. Customer and employee information, including names, addresses, phone numbers, tax records, and SSNs, were stolen during that breach.
In June 2022, Flagstar disclosed another breach of its corporate network, affecting over 1.5 million customers in the US. The compromised data in that incident also included names and Social Security Numbers.
Of concern is the fact that Fiserv provides services to numerous banks, many of which have been indirectly affected by previous security lapses, as reported by KrebsOnSecurity.
We have reached out to Fiserv to inquire about the impact of the MOVEit breach on other financial institutions and their customers. We will update this post with their response.
Malware
23andMe to Shell Out $30 Million in Astonishing Genetics Data Breach Settlement
23andMe has agreed to pay $30 million to settle a lawsuit over a 2020 data breach that exposed customers’ genetic information. Learn more about the settlement and how it will impact the biotechnology company’s future data security measures.
Imagine receiving a package in the mail containing a small tube that holds the key to uncovering your ancestry, traits, and health predispositions. You trust the company to keep your most sensitive information, your DNA, safe and secure. But what happens when that trust is broken? In 2023, 23andMe, a leading DNA testing company, faced this very issue when a massive data breach exposed the personal information of 6.4 million customers.
Fast forward to today, and 23andMe has agreed to pay a whopping $30 million to settle a lawsuit resulting from the breach. The proposed class action settlement is currently awaiting judicial approval and includes cash payments for affected customers. While the company believes the settlement is fair, they also deny any wrongdoing and maintain that they properly protected their customers’ personal information.
Addressing Security Weaknesses
In addition to the financial settlement, 23andMe has agreed to strengthen its security protocols, such as adding protections against credential-stuffing attacks and requiring mandatory two-factor authentication for all users. The company also plans to conduct annual cybersecurity audits and create a comprehensive data breach incident response plan.
Furthermore, 23andMe will no longer retain personal data for inactive or deactivated accounts and will provide an updated Information Security Program to employees during annual training sessions. While these actions may help rebuild trust, it’s important for us to recognize that data breaches can happen to anyone – even trusted companies like 23andMe.
Understanding the Data Breach
So, how did the breach occur? In October 2023, 23andMe discovered unauthorized access to customer profiles resulting from compromised accounts. Hackers exploited credentials stolen from other breaches to access 23andMe accounts. In response, the company implemented measures to block similar incidents, such as requiring customers to reset passwords and enabling two-factor authentication by default.
However, the damage was already done. Starting in October, threat actors leaked data profiles belonging to 4.1 million individuals in the United Kingdom and 1 million Ashkenazi Jews on the unofficial 23andMe subreddit and hacking forums. In total, data for 6.9 million customers, including information on 6.4 million U.S. residents, was downloaded in the breach.
Moreover, the company confirmed that attackers stole health reports and raw genotype data during a five-month credential-stuffing attack that took place from April to September. As a result, multiple class-action lawsuits were filed against 23andMe, leading to the recent settlement.
A Call to Action for Cybersecurity Awareness
As we reflect on the 23andMe data breach, it’s crucial to recognize that we all play a role in safeguarding our personal information. By staying informed about cybersecurity best practices and understanding the risks involved in sharing sensitive data, we can better protect ourselves from potential threats.
At IT Services, we’re committed to helping you stay informed and secure. Keep coming back to learn more about cybersecurity, and don’t hesitate to contact us with any questions or concerns. Together, we can build a safer digital world for all.
Malware
RansomHub Launches Daring Cyberattack on Kawasaki, Warns of Massive Data Leak
Kawasaki faces a cyberattack from RansomExx, a ransomware group that threatens to leak stolen data on the RansomHUB dark web portal. The company confirms unauthorized access to European and Japanese servers, and is taking measures to prevent further damage.
Picture this: You’re going about your day, and suddenly, your entire business comes to a screeching halt. You’ve been hit by a cyberattack, and your critical data is now in the hands of cybercriminals. This nightmare scenario recently played out for Kawasaki Motors Europe, as the RansomHub ransomware gang targeted their EU headquarters and threatened to leak stolen data.
But Kawasaki didn’t take this lying down. They immediately jumped into action, working diligently to clean their systems of any “suspicious material,” such as malware. According to their announcement, they isolated their servers and initiated a strategic recovery plan. By working with external cybersecurity experts, they began checking each server one by one before reconnecting them to the corporate network. Their efforts are paying off, with 90% of their server infrastructure expected to be restored by the start of next week.
Now, you might be thinking, “That’s great for Kawasaki, but what does this have to do with me?” The answer is simple: cyberattacks can happen to anyone, and they’re becoming more prevalent and sophisticated every day. In fact, RansomHub alone has breached 210 victims from a wide range of critical U.S. infrastructure sectors since its launch in February, according to a joint advisory between the FBI, CISA, and the Department of Health and Human Services (HHS).
Don’t become a statistic: Learn from Kawasaki’s experience
Kawasaki’s story serves as a valuable lesson for all of us. When faced with a cyberattack, it’s crucial to act quickly and decisively, partnering with cybersecurity experts to mitigate the damage and protect your valuable data. But even better than reacting to an attack is preventing one from happening in the first place.
So, what can you do to safeguard your business and personal data from cybercriminals? Here are a few key steps:
- Keep your software up to date. Regularly updating your software helps to patch any security vulnerabilities that cybercriminals could exploit.
- Invest in strong security measures. This includes firewalls, antivirus software, and secure network connections, as well as employee training on cybersecurity best practices.
- Regularly back up your data. Having a secure, up-to-date backup of your data can help you recover more quickly in the event of an attack.
- Monitor for suspicious activity. Regularly review your network logs and other activity to identify any potential threats or breaches.
Let’s work together to keep your data safe
Here at IT Services, we understand the importance of keeping your data secure and are committed to helping you protect your business from cyberattacks. Our team of cybersecurity experts is available to guide you through the process of implementing robust security measures and ensuring your business is prepared to face any potential threats.
To learn more about how we can help you safeguard your business and personal data, get in touch with us today. And remember, the best defense against cyberattacks is a proactive approach to cybersecurity. So, don’t wait for disaster to strike—take action now to keep your data safe and secure.
Malware
Fortinet Acknowledges Massive Data Breach: Hacker Boasts Theft of 440GB Files
Fortinet, a network security company, has confirmed a data breach after a hacker claimed to have stolen 440GB of files. The breach is believed to have exposed client information, including email addresses and passwords. Fortinet is investigating the incident and taking steps to mitigate the potential impact on its customers and partners.
You may have heard about the recent data breach at cybersecurity giant Fortinet, and it’s worth taking a closer look at what happened to understand the risks and implications. The company is one of the largest cybersecurity providers in the world, offering a range of products and services such as secure networking devices, network management solutions, and consulting services.
A Threat Actor Strikes
Recently, a threat actor claimed to have stolen a whopping 440GB of data from Fortinet’s Microsoft Sharepoint server. This individual, going by the name “Fortibitch,” announced the theft on a hacking forum and even shared credentials to an alleged storage bucket containing the stolen data.
We have not accessed this storage bucket to verify its contents, but it’s important to note that the threat actor claimed to have attempted to extort Fortinet into paying a ransom to prevent the data from being published. Fortinet, however, refused to pay.
Fortinet’s Response
When we reached out to Fortinet about this incident, the company confirmed that customer data had indeed been stolen from a “third-party cloud-based shared file drive.” They described the breach as involving “limited data related to a small number of Fortinet customers.”
Initially, Fortinet did not disclose the number of affected customers or the nature of the compromised data, but they did state that they had “communicated directly with customers as appropriate.” In a later update on their website, Fortinet revealed that the breach affected less than 0.3% of its customer base and had not resulted in any malicious activity targeting those customers.
It’s also worth noting that Fortinet confirmed the incident did not involve data encryption, ransomware, or access to their corporate network. We have contacted Fortinet with additional questions about the breach, but have not received a reply at this time.
Not the First Time
This isn’t the first time Fortinet has been targeted by threat actors. In May 2023, an individual claimed to have breached the GitHub repositories of Panopta, a company acquired by Fortinet in 2020, and leaked stolen data on a Russian-speaking hacking forum.
A Call to Stay Informed and Vigilant
As this incident demonstrates, even the most prominent cybersecurity companies can fall victim to data breaches. That’s why it’s crucial to stay informed about the latest threats and to take steps to protect your own data and networks. We’re here to help you navigate the ever-evolving cybersecurity landscape and to provide the expertise and support you need to safeguard your digital assets.
Don’t hesitate to reach out to us to learn more about how we can help you stay ahead of the curve in cybersecurity, and be sure to keep coming back for the latest updates and insights.
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