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The Impact of a $15 Million Cyber Insurance Payout on Insurers Introduction In a recent Security and Exchange Commission (SEC) filing, Progress Software, the company responsible for the MOVEit file transfer software that has been used to breach numerous major organizations, stated its intention to fully collect on its $15 million cyber insurance policy. This…
Recent Vulnerabilities in Progress Software‘s File-Transfer Products Raise Concerns Introduction Once again, Progress Software‘s enterprise security teams are facing the urgent task of protecting organizations against critical vulnerabilities in their file-transfer software. This time, the vulnerabilities affect the widely used WS_FTP file transfer product, which is utilized by approximately 40 million people. The most severe…
National Student Clearinghouse Breached, Thousands of Colleges and Universities Impacted The Breach The National Student Clearinghouse, a nonprofit organization that provides enrollment and other services for thousands of colleges and universities across North America, has recently fallen victim to a cyberattack. The breach was a result of exploiting the MOVEit flaw, which allowed an unauthorized…
Data Breaches: Nearly 900 US Schools Impacted by MOVEit Hack at National Student Clearinghouse A recent cyberattack on the National Student Clearinghouse, an educational nonprofit that provides reporting, verification, and research services to colleges and universities in North America, has affected nearly 900 schools in the United States. The attack, perpetrated by a ransomware group,…
Cybersecurity: Addressing the Persistent Problem of SQL Injection The Persistence of SQL Injection Vulnerabilities In the realm of cybersecurity, certain vulnerabilities persist even as technology continues to evolve. One such example is SQL injection, a flaw that allows attackers to manipulate a web application’s database by inserting malicious SQL queries. It is alarming that despite…
Financial Firms Face Class Action Lawsuits Over MOVEit Vulnerability Breach Introduction Financial services companies, including TD Ameritrade, Charles Schwab, and Prudential, are currently facing a wave of class action lawsuits related to the recent MOVEit zero-day vulnerability breach. These lawsuits stem from the exposure of sensitive customer financial data and potential fraud. Progress Software, the…
Colorado Government Department Falls Victim to Russian Ransomware Group Attack Cybersecurity Incident Exposes Personal Health Data of 4 Million People A Colorado government department has become the latest victim of a cyberattack carried out by the Russian Cl0p ransomware group. The attack targeted the MOVEit Managed File Transfer platform, which is used by third-party contractor…
MOVEit Hack Could Earn Cybercriminals $100M as Number of Confirmed Victims Grows Introduction The Cl0p ransomware gang, responsible for the recent MOVEit Hack, could potentially earn up to $100 million from the attack, according to experts. The number of confirmed victims of the attack is steadily increasing, with nearly 400 organizations affected so far. Ransomware…
Estée Lauder Breached by Cl0p and BlackCat Ransomware Gangs Estée Lauder Cos., a renowned beauty company, recently disclosed a “security incident” where cyberthreat actors were able to compromise some of its data. This disclosure came after both the Cl0p and BlackCat ransomware gangs claimed responsibility for breaching the company on the same day. While the…
Data Breaches MOVEit Hack: Number of Impacted Organizations Exceeds 340 The Fallout of the MOVEit Hack The aftermath of the MOVEit hack, carried out by a notorious cybercrime group, is more far-reaching than originally anticipated. According to threat analyst Brett Callow at cybersecurity firm Emsisoft, the number of impacted organizations now exceeds 340, with an…