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Finland's 3rd Largest Data Breach Exposes 130,000 Users' Plaintext Passwords

Finland's 3rd Largest Data Breach Exposes 130,000 Users' Plaintext Passwords

Apr 06, 2018
Over 130,000 Finnish citizens have had their credentials compromised in what appears to be third largest data breach ever faced by the country, local media reports . Finnish Communications Regulatory Authority (FICORA) is warning users of a large-scale data breach in a website maintained by the New Business Center in Helsinki ("Helsingin Uusyrityskeskus"), a company that provides business advice to entrepreneurs and help them create right business plans. Unknown attackers managed to hack the website ( https://liiketoimintasuunnitelma.com ) and stole over 130,000 users' login usernames and passwords, which were stored on the site in plain-text without using any cryptographic hash. Right after knowing of the breach on 3rd April, the company took down the affected website, which is currently showing "under maintenance" notice with a press release about the incident on its homepage. "We are very sorry for all the people who have been subjected to crime a
DDoS Attack Takes Down Central Heating System Amidst Winter In Finland

DDoS Attack Takes Down Central Heating System Amidst Winter In Finland

Nov 09, 2016
Just Imaging — What if, you enter into your home from a chilling weather outside, and the heating system fails to work because of a cyber attack, leaving you in the sense of panic? The same happened late last month when an attack knocks heating system offline in Finland. Last week, a Distributed Denial of Service (DDoS) attack led to the disruption of the heating systems for at least two housing blocks in the city of Lappeenranta, literally leaving their residents in subzero weather. Both the apartments are managed by a company called Valtia, a facilities services company headquartered in Lappeenranta. Valtia CEO Simo Rounela confirmed to English language news outlet Metropolitan.fi that the central heating system and hot water system in both buildings had become a target of DDoS attacks. In an attempt to fight back the cyber attacks, which lived for a short time, the automated systems rebooted — and unfortunately got stuck in an endless loop, which restarted repeatedly a
Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl
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