01 Nov Security Breach – 1 Nov 2024
As the approaching end of the year spurs companies to consider their cybersecurity plans for 2025 and beyond, it’s an ideal time for businesses to focus on enhancing their cyber resilience. In today’s volatile cyber landscape, where threats like ransomware, phishing, and advanced persistent attacks are constantly evolving, it’s more important than ever that companies are ready for trouble.
Cyber resilience refers to an organisation’s ability to prepare for, withstand, recover from and adapt to cyber threats and disruptions. It combines cybersecurity measures with business continuity strategies to ensure that critical operations can continue even in the face of cyberattacks or system failures. Building cyber resilience is important because it helps organisations minimise the impact of cyberattacks, data breaches, and system disruptions. As cyber threats become more frequent and sophisticated, a resilient organisation can quickly uncover vulnerabilities, recover from incidents, maintain business continuity, minimise downtime and protect sensitive data. Taking steps to improve cyber resilience and strengthen security can also help companies achieve larger goals like meeting regulatory requirements, safeguarding their reputation and reducing financial losses associated with cyber incidents. Cyber resilience ensures long-term operational stability and security in a constantly evolving threat landscape.
Recent Breaches
Australia – Funlab – Entertainment
Exploit: Ransomware
Risk to Business: Moderate: Australian entertainment company Funlab has confirmed a ransomware attack after being listed by the Lynx gang, a suspected rebranding of the INC Ransomware on its leak site. The company said that the incident took place between September 20 and 22. Funlab does not believe guest data has been accessed, and the leak was limited to current and former employees. While Lynx hasn’t disclosed the ransom or data volume stolen, they posted screenshots and documents as proof, revealing folders like Payroll, Finance and Gsuite Backup. Leaked files include budget spreadsheets and internal communications. Funlab operates a variety of entertainment venues including Strike Bowling.
United States – Johnson & Johnson – Insurance
Exploit: Hacking
Risk to Business: Moderate: Johnson & Johnson, an insurer unrelated to the pharmaceutical company, disclosed a security breach detected in mid-August 2024. A forensic investigation revealed that files related to its insurance operations may have been compromised, potentially exposing personal information. However, the exact data affected remains unclear. The breach impacted over 3,200 individuals. Johnson & Johnson claims that it has taken steps to strengthen its security following the incident.
Talk to a TCT team member today about implementing cyber security plan for your business.
Robert Brown
01/11/2024
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