29 Nov Security Breach – 29 Nov 2024
Did you know that the dark web is estimated to be the third-largest economy in the world? If the dark web economy were measured like a country, only the United States and China would surpass it, and it continues to grow. Cybercrime Magazine projects that the dark web economy will continue to flourish, predicting 15% annually over the next five years, with a significant portion of that revenue driven by cybercrime. Activities such as phishing and ransomware operations, often fueled by stolen data, keep this illicit market thriving. Cybercrime is anticipated to generate a staggering $9.5 trillion in revenue in 2024. So, where does all that stolen data come from? Businesses. Businesses face significant risks from the dark web as cybercriminal activity continues to evolve. By acting now to put smart protection in place, businesses can gain some protection from dark web risks today and be well-positioned to navigate future risks.
Recent Breaches
Australia – Vogue Homes – Construction
Exploit: Hacking
Risk to Business: Moderate: The KillSec ransomware group has named Vogue Homes, an Australian home builder, as a victim on its darknet site, alleging it stole substantial data. The hackers claim the breach includes personal information like names, contact details, addresses, financial records, customer data, project plans and signed contractual agreements. KillSec also released scanned documents, including a floor plan and signed agreements, to substantiate its claims. Vogue Homes has yet to comment on the alleged incident.
United States – Starbucks – Restaurant
Exploit: Third-Party Cyberattack
Risk to Business: Severe: A ransomware attack on an unnamed third-party software supplier has disrupted Starbucks’ scheduling and payroll systems, forcing cafe managers to manually track employee hours. Beginning last week, the outage has prevented employees from viewing schedules or accurately logging worked hours. To mitigate the issue, Starbucks is paying employees for scheduled shifts, which could result in overpayments or underpayments. The company emphasised its commitment to ensuring employees are fully compensated once the issue is resolved. Customer service has remained unaffected, and Starbucks is working with the impacted vendor to restore normal operations. (UPDATE 11/27: Some news outlets have identified the software provider as Blue Yonder)
Talk to a TCT team member today about implementing cyber security plan for your business.
Robert Brown
29/11/2024
Related Articles:
Unlock The Value of New Technology
Software Supply Chain Security