Security Breach – 8 Dec 2023

safeguarding

Security Breach – 8 Dec 2023

Every day, businesses are navigating an intricate landscape where safeguarding sensitive data has become paramount as well as increasingly difficult. As the frequency and sophistication of cyber threats continue to escalate, a promising trend is emerging— a significant upswing in businesses’ investments in cybersecurity. Recognising the importance of fortifying their digital defences, organisations across various industries are allocating more resources to bolster their cybersecurity infrastructure. This surge in commitment by business leaders underlines the recognition of the critical role cybersecurity plays in safeguarding networks and data as well as the necessity for new tools to make it happen.

Recent Breaches

 

China – Yanfeng Automotive Interiors – Auto Parts Manufacturer

Exploit: Ransomware

Risk to Business: Severe: The Qilin ransomware group has claimed responsibility for a cyberattack on one of the world’s largest automotive parts manufacturers, Yanfeng Automotive Interiors (Yanfeng). This attack forced the car company to stop production at its North American plants. The threat actors published multiple samples as proof of the hack including financial documents, non-disclosure agreements, quotation files, technical data sheets and internal reports.

India – National Aerospace Laboratories (NAL) – Government Agency

Exploit: Ransomware

Risk to Business: Severe: The notorious ransomware group LockBit has added India’s space agency National Aerospace Laboratories (NAL) to its dark web leak site. The gang claims to have snatched a wide variety of data including confidential letters, an employee’s passport and other internal documents. NAL’s website also experienced an outage.    

Talk to a TCT team member today about implementing cyber security plan for your business.

Robert Brown
8/12/2023

Related Articles:
2024 Emerging Technology Threats
What’s Changing in Cyber Insurance?