Why is cyber security important ?

Cyber security is no longer stealing games and movies, it encompasses everything that relates to protecting your company’s data from cyber attackers where hackers want to steal this information to defame and shutdown your business. Hackers look for sensitive data such as, governmental and industry information, personally identifiable information (PII), intellectual property, and protected health information (PHI), so they can hold your company hostage by demanding millions of dollars to either decrypt, promise not to release to the public and/or sell on the dark web.

Information Security Program

Having an Information Security Program (ISP) and mechanisms in place to protect this data is crucial to your business. Hacking has become a huge business where your company’s leaked data rakes in millions of dollars from Insurance companies that payout on your behalf, that is if you have Cyber Insurance. Cyber security attacks lead to identity theft and extortion attempts, which cause havoc for those that become a victims of an attack. Your employees rely on the company to protect their PII information from being leaked as well as you rely on the operations of your company’s operations from becoming seized. Every business is susceptible to a cyber-attack, are you prepared? Call us today for consultation.

If your still not convinced, read these articles

World Health Organization

Industry: Consumer Services/Non-Profit
What Occurred:

 

What are believed to be elite hackers leaked login credentials of staff at the World Health Organization (WHO) around March and April of this year. The data leak was believed to be part of a larger attempt to target groups trying to combat the coronavirus – nearly 25,000 private email addresses and passwords were unlawfully released from organizations including the WHO, the National Institutes of Health (NIH), the Center for Disease Control and Prevention (CDC), the Gates Foundation and more. The WHO confirmed a phishing campaign had been deployed directed at its staff. WHO’s Chief Information Officer, Bernardo Mariano stated, “Ensuring the security of health information for Member States and the privacy of users interacting with us a priority for WHO at all times, but also particularly during the COVID-19 pandemic. We are grateful for the alerts we receive from Member States and the private sector. We are all in this fight together.” It is still unclear if the attack had any major effect. According to WHO, the leaked information did impact an older extranet system, causing them to move to a more secure infrastructure.

 

Twitter

Industry: Technology
What Occurred:

 

Twitter saw one of the most brazen online attacks to date when on July 15, 2020, hackers verified Twitter accounts of many high-profile figures and celebrities, everyone from Kim Kardashian and Kanye West to Barack Obama, Elon Musk, and Bill Gates. The successful attack targeted a small number of employees though a phone spear phishing campaign, granting hackers access to Twitter’s internal support system which then enabled them to target additional employees. According to Twitter, using the acquired credentials, 130 Twitter accounts were targeted, with the hackers Tweeting from 45, accessing the direct messaging inbox of 36 and downloading the Twitter Data of 7. Twitter Support released a statement saying, “This attack relied on a significant and concerted attempt to mislead certain employees and exploit human vulnerabilities to gain access to our internal systems.” The true outcome of this enormous hack has yet to be seen, but the incident has led to major distrust with Twitter and its security measures, and will most likely live on as one of the worst cybersecurity disaster to a social media platform.

 

Zoom

Industry: Technology

What Occurred:

 

The pandemic caused organizations across the global to enact work from home policies and the popularity of video conferencing solutions skyrocketed. Zoom quickly became the big name, the go-to for virtual meeting – and the most popular for cybercriminals. The application has been relentlessly targeted by various cyberattacks and in April 2020 did in fact experience a data breach. More than 500,000 Zoom passwords were stolen and available for sale or even being given away for free across dark web forums. This impacted everything from personal accounts to financial and educational organizations. Victims’ login credentials, personal meeting URLs and HostKeys were released. Because many people tend to reuse passwords, it is believed that attackers were able to use old stolen credentials, some from 2013, and employed a credential stuffing attack that used multiple bots to avoid the same IP address being used for multiple Zoom accounts and to prevent being detected as a denial of service (DoS) attack. Following the half million user credentials being compromised, Zoom responded, saying, “We have already hired multiple intelligence firms to find these password dumps and the tools used to create them, as well as a firm that has shut down thousands of websites attempting to trick users into downloading malware or giving up their credentials. We continue to investigate, are locking accounts we have found to be compromised, asking users to change their passwords to something more secure, and are looking at implementing additional technology solutions to bolster our efforts.”

 

Magellan Health

Industry: Healthcare

What Occurred:

 

Healthcare giant Magellan Health suffered a ransomware attack and data breach in April 2020 that left 365,000 patients impacted across eight Magellan Health affiliates and healthcare providers. The sophisticated attack began with hackers first exfiltrated data by installing malware before launching a ransomware attack five days later. Using a social engineering phishing scheme impersonating a client, hackers were able to get into Magellan’s system, installing malware to steal employee login credentials. The attack, contained to a single corporate server, granted the cyber criminals access to personal employee information and ID numbers as well as sensitive patient details such as W-2 information, Social Security numbers, or Taxpayer ID numbers. The data breach is one of the biggest we’ve seen this year within healthcare, and the second notable phishing scheme to hit Magellan, following an incident in 2019. There is currently a class-action lawsuit pending against Magellan, filed by three former employees over the most recent attack.

 

Marriott International

Industry: Hospitality
What Occurred:

 

A major security breach earlier this year with leading hotel chain, Marriott, led to the data of more than 5.2 million guests being compromised. According to the Marriott, hackers might have obtained login credentials of two employees either by credential stuffing or phishing, and then were able to acquire access to information for customers in the company’s loyalty application. Although Marriott disclosed the security breach on March 31, 2020, it was believed that the data had been obtained approximately a month before and involved personal information including names, birthdates, and telephone numbers, travel information, and loyalty program information. This was not the first time that the hotel giant announced a major data breach – in late 2018, they suffered an enormous attack leaving 500 million guests impacted.

 

MGM Resorts

Industry: Hospitality
What Occurred:

 

Although it began in 2019, the data breach suffered by major hospitality group, MGM Resorts, continues in 2020. And it may be much bigger than initially reported – now believed to have impacted more than 142 million hotel guests (14 times the 10.6 million reported in February). This has come to light through an ad published on the dark web marketplace offering to sell the data of 142,479,937 MGM guests for just over $2,900. According to the seller, MGM Grand Hotels data was also compromised. Hijacked information is believed to include name, home address, phone numbers, email addresses, and birth date of guests, including those of Justin Bieber, Twitter CEO Jack Dorsey, and major government officials. An MGM Resort spokesperson confirmed that impacted guests were notified about the data breach and added “We are confident that no financial, payment card or password data was involved in this matter.” Although this is considered “phone book” information, a fear is that the personal data being sold opens up opportunities for spear phishing campaigns.

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