17 May Security Breach – 17 May 2024
The only constant in cybersecurity is change, small businesses know they must stay informed about cybercrime and data breach trends or risk disaster. Organisations must remain vigilant and proactive in their cybersecurity efforts to address these evolving threats. Protecting your organisation from data security trouble requires a multifaceted approach, integrating strong security practices with comprehensive monitoring and rapid response strategies. By making smart moves now, businesses can significantly reduce an their risk of experiencing a data breach and ensure they are prepared to handle any security threats. Proactive action is key — waiting until a breach occurs is too late.
Businesses handle vast amounts of sensitive information, including customer data, financial records and proprietary intellectual property. Unfortunately, it’s easy for that data to fall into the wrong hands thanks to cybercriminal tricks. Falling victim to a phishing attack can lead to unauthorised access to this information, potentially resulting in financial losses, reputational damage and legal consequences. Training employees to discern phishing messages is instrumental in safeguarding the organisation’s sensitive data.
Recent Breaches
Australia – Iress Ltd. – Technology Company
Exploit: Supply Chain Hacking
Risk to Business: Moderate: Iress Ltd., an Australian company that makes financial services software, said that it has experienced a data breach through a third party. The company said that it discovered that bad actors had intruded into its GitHub repository on May 3, 2024. Iress Ltd. Confirmed the breach, stressing that it does not hold customer or financial data in that repository. There has been no disruption to the business or its clients’ ability to use its software and systems.
United States – Dell – Technology Company
Exploit: Hacking
Risk to Business: Severe: Dell has admitted that it suffered a data breach. The company said that 49 million customer records dating back to 2017 were snatched by cybercriminals. A bad actor has claimed on the dark web that they obtained the records by hacking the company’s partner portal. Customers who purchased or own Dell hardware may have had data exposed including warranty information, service tags, customer names, installed locations, customer numbers and order numbers. Dell was quick to reassure customers that the stolen records did not include financial or payment information, email address, telephone number or any highly sensitive customer data.
Talk to a TCT team member today about implementing cyber security plan for your business.
Robert Brown
17/05/2024
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