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Popular cryptocurrency exchange platform Coinbase disclosed that it experienced a cybersecurity attack that targeted its employees. The company  said  its "cyber controls prevented the attacker from gaining direct system access and prevented any loss of funds or compromise of customer information." The incident, which took place on February 5, 2023, resulted in the exposure of a "limited amount of data" from its directory, including employee names, e-mail addresses, and some phone numbers. As part of the attack, several employees were targeted in an SMS phishing campaign urging them to sign in to their company accounts to read an important message. One employee is said to have fallen for the scam, who entered their username and password in a fake login page set up by the threat actors to harvest the credentials. "After 'logging in,' the employee is prompted to disregard the message and thanked for complying," the company said. "What hap

Security teams typically have great visibility over most areas, for example, the corporate network, endpoints, servers, and cloud infrastructure. They use this visibility to enforce the necessary security and compliance requirements. However, this is not the case when it comes to sensitive data sitting in production or analytic databases, data warehouses or data lakes. Security teams have to rely on data teams to locate sensitive data and enforce access controls and security policies. This is a huge headache for both the security and data teams. It weakens the business's security and compliance putting it at risk of exposing sensitive data, large fines, reputational damages, and more. Also, in many cases, it slows down the business's ability to scale up data operations.  This article examines how Satori, a data security platform, gives control of the sensitive data in databases, data warehouses and data lakes to the security teams. Satori's  automated data security plat

The introduction of Open AI's ChatGPT was a defining moment for the software industry, touching off a GenAI race with its November 2022 release. SaaS vendors are now rushing to upgrade tools with enhanced productivity capabilities that are driven by generative AI. Among a wide range of uses, GenAI tools make it easier for developers to build software, assist sales teams in mundane email writing, help marketers produce unique content at low cost, and enable teams and creatives to brainstorm new ideas.  Recent significant GenAI product launches include Microsoft 365 Copilot, GitHub Copilot, and Salesforce Einstein GPT. Notably, these GenAI tools from leading SaaS providers are paid enhancements, a clear sign that no SaaS provider will want to miss out on cashing in on the GenAI transformation. Google will soon launch its SGE "Search Generative Experience" platform for premium AI-generated summaries rather than a list of websites.  At this pace, it's just a matter of a short time befo

Popular social news aggregation platform Reddit has disclosed that it was the victim of a security incident that enabled unidentified threat actors to gain unauthorized access to internal documents, code, and some unspecified business systems. The company blamed it on a "sophisticated and highly-targeted phishing attack" that took place on February 5, 2023, aimed at its employees. The attack entailed sending out "plausible-sounding prompts" that redirected to a website masquerading as Reddit's intranet portal in an attempt to steal credentials and two-factor authentication (2FA) tokens. A single employee's credentials is said to have been phished in this manner, enabling the threat actor to access Reddit's internal systems. The affected employee self-reported the hack, it further added. The company, however, stressed that there is no evidence to suggest that its production systems were breached or that users' non-public data had been compromise

A Sydney man has been  sentenced  to an 18-month Community Correction Order ( CCO ) and 100 hours of community service for attempting to take advantage of the Optus data breach last year to blackmail its customers. The unnamed individual, 19 when  arrested in October 2022  and now 20, used the leaked records stolen from the security lapse to orchestrate an SMS-based extortion scheme. The suspect contacted dozens of victims to threaten that their personal information would be sold to other hackers and "used for fraudulent activity" unless an AU$ 2,000 payment is made to a bank account under their control. The scammer is said to have sent the SMS messages to 92 individuals whose information was part of a  larger cache of 10,200 records  that was briefly published in a criminal forum in September 2022, The Australian Federal Police (AFP), which launched Operation Guardian following the breach, said there is no evidence that any of the affected customers transferred the dem

Over the past few years, cybersecurity has become a major concern for businesses around the globe. With the total cost of cybercrime in 2023 forecasted to reach $8 Trillion – with a T, not a B – it's no wonder that cybersecurity is top of mind for leaders across all industries and regions. However, despite growing attention and budgets for cybersecurity in recent years, attacks have only become more common and more severe. While threat actors are becoming increasingly sophisticated and organized, this is just one piece to the puzzle in determining why cybercrime continues to rise and what organizations can do to stay secure. 🔓  Unlock the future of cybersecurity: Get ahead of the game with 2023 Cyber Security Trends Forecast ! Discover the major trends of 2022 and learn how to protect your business from emerging threats in the coming year.  ⚡  Get your insider's guide to cybersecurity now! An abundance of cyber spending, a shortage of cyber security It's easy to assume that t

LastPass-owner GoTo (formerly LogMeIn) on Tuesday disclosed that unidentified threat actors were able to steal encrypted backups of some customers' data along with an encryption key for some of those backups in a November 2022 incident. The breach, which targeted a third-party cloud storage service, impacted Central, Pro, join.me, Hamachi, and RemotelyAnywhere products, the company said. "The affected information, which varies by product, may include account usernames, salted and hashed passwords, a portion of multi-factor Authentication (MFA) settings, as well as some product settings and licensing information," GoTo's Paddy Srinivasan  said . Additionally, MFA settings pertaining to a subset of its Rescue and GoToMyPC customers were impacted, although there is no evidence that the encrypted databases associated with the two services were exfiltrated. The company did not disclose how many users were impacted, but said it's directly contacting the victims to

Popular email marketing and newsletter service Mailchimp has disclosed yet another security breach that enabled threat actors to access an internal support and account admin tool to obtain information about 133 customers. "The unauthorized actor conducted a social engineering attack on Mailchimp employees and contractors, and obtained access to select Mailchimp accounts using employee credentials compromised in that attack," the Intuit-owned company  said  in a disclosure. The development was  first reported  by TechCrunch. Mailchimp said it identified the lapse on January 11, 2023, and noted that there is no evidence the unauthorized party breached Intuit systems or other customer information beyond the 133 accounts. It further said the primary contacts for all those affected accounts were notified within 24 hours, and that it has since assisted those users in regaining access to their accounts. The Atlanta-based company, however, did not reveal the duration for which

DevOps platform CircleCI on Friday disclosed that unidentified threat actors compromised an employee's laptop and leveraged malware to steal their two-factor authentication-backed credentials to breach the company's systems and data last month. The CI/CD service CircleCI said the "sophisticated attack" took place on December 16, 2022, and that the malware went undetected by its antivirus software. "The malware was able to execute session cookie theft, enabling them to impersonate the targeted employee in a remote location and then escalate access to a subset of our production systems," Rob Zuber, CircleCI's chief technology officer,  said  in an incident report. Further analysis of the security lapse revealed that the unauthorized third-party pilfered data from a subset of its databases by abusing the elevated permissions granted to the targeted employee. This included customer environment variables, tokens, and keys. The threat actor is believed t

Twitter on Wednesday said that its investigation found "no evidence" that users' data sold online was obtained by exploiting any security vulnerabilities in its systems. "Based on information and intel analyzed to investigate the issue, there is no evidence that the data being sold online was obtained by exploiting a vulnerability of Twitter systems," the company  said  in a statement. "The data is likely a collection of data already publicly available online through different sources." The disclosure comes in the wake of  multiple   reports  that Twitter data belonging to millions of users – 5.4 million in November 2022, 400 million in December 2022, and 200 million last week – have been made available for sale on online criminal forums. The social media giant further said the breach "could not be correlated with the previously reported incident, nor with any new incident," adding no passwords were exposed. The two datasets published in

The latest breach announced by LastPass is a major cause for concern to security stakeholders. As often occurs, we are at a security limbo – on the one hand, as LastPass has noted, users who followed LastPass best practices would be exposed to practically zero to extremely low risk. However, to say that password best practices are not followed is a wild understatement. The reality is that there are very few organizations in which these practices are truly enforced. This puts security teams in the worst position, where exposure to compromise is almost certain, but pinpointing the users who created this exposure is almost impossible.  To assist them throughout this challenging time, Browser Security solution LayerX has launched a free offering of its platform, enabling security teams to gain visibility into all browsers on which the LastPass extension is installed and mitigate the potential impacts of the LastPass breach on their environments by informing vulnerable users and require t

The  August 2022 security breach  of LastPass may have been more severe than previously disclosed by the company. The popular password management service on Thursday revealed that malicious actors obtained a trove of personal information belonging to its customers that include their encrypted password vaults by using data siphoned from the earlier break-in. Among the data stolen are "basic customer account information and related metadata including company names, end-user names, billing addresses, email addresses, telephone numbers, and the IP addresses from which customers were accessing the LastPass service," the company  said . The August 2022 incident, which  remains  a subject of an ongoing investigation, involved the miscreants accessing source code and proprietary technical information from its development environment via a single compromised employee account. LastPass said this permitted the unidentified attacker to obtain credentials and keys that were subseque

Protecting customer data is critical for any business accepting online payment information. The Payment Card Industry Data Security Standard (PCI DSS), created by leading credit card companies, establishes best practices for protecting consumers' information. By adhering to these standards, businesses can ensure that their customer's personal and financial information is secure.  The PCI DSS security standards apply to any business that processes, stores, or transmits credit card information. Failure to comply with the PCI DSS can result in costly fines and penalties from credit card companies. It can also lead to a loss of customer trust, which can be devastating for any business. PCI DSS 4.0 was released in March 2022 and will replace the current PCI DSS 3.2.1 standard in March 2025. That provides a three-year transition period for organizations to be compliant with 4.0. The latest version of the standard will bring a new focus to an overlooked yet critically important ar

Medibank on Thursday confirmed that the threat actors behind the  devastating cyber attack  have posted another dump of data stolen from its systems on the dark web after its refusal to pay a ransom. "We are in the process of analyzing the data, but the data released appears to be the data we believed the criminal stole," the Australian health insurer  said . "While our investigation continues there are currently no signs that financial or banking data has been taken. And the personal data stolen, in itself, is not sufficient to enable identity and financial fraud. The raw data we have analyzed today so far is incomplete and hard to understand." The leak comes almost a month after the company acknowledged that personal data belonging to  around 9.7 million  of its current and former customers were accessed following a ransomware incident in October 2022. This includes 5.1 million Medibank customers, 2.8 million ahm customers, and 1.8 million international cust

Popular password management service LastPass said it's investigating a second security incident that involved attackers accessing some of its customer information. "We recently detected unusual activity within a third-party cloud storage service, which is currently shared by both LastPass and its affiliate, GoTo," LastPass CEO Karim Toubba  said . GoTo, formerly called LogMeIn, acquired LastPass in October 2015. In December 2021, the Boston-based firm  announced  plans to spin off LastPass as an independent company. The digital break-in resulted in the unauthorized third-party leveraging information obtained following a previous breach in August 2022 to access "certain elements of our customers' information." The August 2022 security event  targeted  its development environment, leading to the theft of some of its source code and technical information. In September, LastPass  revealed  the threat actor had access for four days. The scope of the breach

The French data protection watchdog on Tuesday fined electricity provider Électricité de France (EDF)  €600,000 for violating the European Union General Data Protection Regulation (GDPR) requirements. The Commission nationale de l'informatique et des libertés (CNIL)  said  the electric utility breached European regulation by storing the passwords for over 25,800 accounts by hashing them using the  MD5 algorithm  as recently as July 2022. It's worth noting that MD5, a message digest algorithm, is considered cryptographically broken as of December 2008 owing to the risk of  collision attacks . Furthermore, the authority noted that the passwords associated with 2,414,254 customer accounts had only been hashed and not  salted , exposing the account holders to potential cyber threats. The probe also pointed fingers at EDF for failing to comply with GDPR data retention policies and for providing "inaccurate information on the origin of the data collected." "Th

The Australian government has passed a bill that markedly increases the penalty for companies suffering from serious or repeated data breaches. To that end, the maximum fines have been bumped up from the current AU$2.22 million to AU$50 million, 30% of an entity's adjusted turnover in the relevant period, or three times the value of any benefit obtained through the misuse of information, whichever is greater. The turnover period is the time duration from when the contravention occurred to the end of the month when the incident is officially addressed. "Significant privacy breaches in recent months have shown existing safeguards are outdated and inadequate," Attorney-General Mark Dreyfus  said  in a statement. "These reforms make clear to companies that the penalty for a major data breach can no longer be regarded as the cost of doing business." The legislation, called the Privacy Legislation Amendment (Enforcement and Other Measures) Bill 2022, also bestow

Ireland's Data Protection Commission (DPC) has  levied fines  of €265 million ($277 million) against Meta Platforms for failing to safeguard the personal data of more than half a billion users of its Facebook service, ramping up privacy enforcement against U.S. tech firms. The fines follow an inquiry initiated by the European regulator on April 14, 2021, close on the heels of a leak of a "collated dataset of Facebook personal data that had been made available on the internet." This included the  personal information  associated with 533 million users of the social media platform, such as their phone numbers, dates of birth, locations, email addresses, gender, marital status, account creation date, and other profile details. Meta acknowledged that the information was "old data" that was obtained by malicious actors by taking advantage of a technique called "phone number enumeration" to  scrape users' public profiles . This entailed misusing a t

The Indian government on Friday released a draft version of the much-awaited data protection regulation, making it the fourth such effort since it was first proposed in July 2018. The  Digital Personal Data Protection Bill, 2022 , as it's called,  aims  to secure personal data, while also seeking users' consent in what the draft claims is "clear and plain language" describing the exact kinds of information that will be collected and for what purpose. The draft is open for public consultation until December 17, 2022. India has over 760 million active internet users, necessitating that data generated and used by online platforms are subject to privacy rules to prevent abuse and increase accountability and trust. "The Bill will establish the comprehensive legal framework governing digital personal data protection in India," the government  said . "The Bill provides for the processing of digital personal data in a manner that recognizes the right of in

Australian health insurer Medibank today confirmed that personal data belonging to around 9.7 million of its current and former customers were accessed following a ransomware incident. The  attack , according to the company, was detected in its IT network on October 12 in a manner that it said was "consistent with the precursors to a ransomware event," prompting it to isolate its systems, but not before the attackers exfiltrated the data. "This figure represents around 5.1 million Medibank customers, around 2.8 million ahm customers, and around 1.8 million international customers," the Melbourne-based firm  noted . Compromised details include names, dates of birth, addresses, phone numbers, and email addresses, as well as Medicare numbers (but not expiry dates) for ahm customers, and passport numbers (but not expiry dates) and visa details for international student customers. It further said the incident resulted in the theft of health claims data for about 16

Communication services provider Twilio this week disclosed that it experienced another "brief security incident" in June 2022 perpetrated by the same threat actor behind the  August hack  that resulted in unauthorized access of customer information. The security event occurred on June 29, 2022, the company said in an updated advisory shared this week, as part of its probe into the digital break-in. "In the June incident, a Twilio employee was socially engineered through voice phishing (or 'vishing') to provide their credentials, and the malicious actor was able to access customer contact information for a limited number of customers," Twilio  said . It further said the access gained following the successful attack was identified and thwarted within 12 hours, and that it had alerted impacted customers on July 2, 2022. The San Francisco-based firm did not reveal the exact number of customers impacted by the June incident, and why the disclosure was made