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The target: Sonic Restaurants, an American fast-food chain.
The take: An estimated five million credit and debit payment card accounts were compromised as a result of the attack.
The attack vector: The success of the attack was attributed to the age of Sonic’s Point-of-Sale systems, which were no longer receiving security updates and which were inherently vulnerable to manipulation and data exfiltration.
AJC: A former executive at Atlanta-based Equifax has pleaded guilty to insider trading in the wake of the company’s massive data breach in 2017. Jun Ying, 43, former chief information officer of an Equifax division known as U.S. Information Solutions, sold more than $950,000 in stock in the weeks after the company discovered the breach but before the incident was made public...
BusinessStandard: Chinese hackers have targetted over two dozen universities in the US and Canada in an apparent bid to steal key maritime military research, The Wall Street Journal has reported. In all 27 universities -- including the University of Hawaii, the University of Washington, Penn State and Duke University and Massachusetts Institute of Technology -- were found to have been hit by the hackers, according to a report by cyber security firm iDefense which was accessed by The WSJ...
Fortune: Cybersecurity startup KnowBe4 has secured a minority investment from private equity giant KKR that values the firm at more than $800 million. KKR is making an initial commitment of up to $50 million in KnowBe4, according to sources with knowledge of the transaction, with plans for an additional investment in the company already in the works...
Time: Hackers linked to North Korea continued waging cyberattacks against U.S. companies and other targets while leaders from Washington and Pyongyang met for their second summit last week, the New York Times reports. Throughout the ongoing, 18-month operation, hackers from Lazarus group have persistently targeted key industries...
HarvardBusinessReview: Another year and another hack and what seems like a very long wait to learn that it happened. Recently, Marriott waited 11 weeks to reveal that 383 million customer records had been compromised, exposing at least 25 million passport numbers and 8 million payment cards. Can you imagine a company like Marriott waiting for 11 weeks to disclose its quarterly earnings numbers? That wouldn’t be acceptable...
Euronews: LONDON (Reuters) - Britain's banks will have to show they could recover from a cyber attack within hours to avoid customer payments being delayed to the next day, the Bank of England said on Tuesday. The BoE said it would hold a pilot cyber stress test of lenders mid-2019 but individual results won't be published...
Zdnet: The top management at some of the UK's biggest companies still don't fully understand the potential risks of a cyberattack on their business, says a government report. While nearly every big company (96%) claims to have a cybersecurity strategy in place, less than half (46%) back that up with dedicated budget. And only one in eight (16%) say they have a comprehensive understanding of the impact of loss or disruption that comes with cyber threats...
The target: Target, an American retailer.
The take: PPayment card information, and/or names, phone numbers and e-mail addresses for up to 70 million customers.
The attack vector: Attackers accessed Target’s network via credentials stolen from a third-party HVAC vendor, installed malware and exfiltrated the data in what was one of the first major data breaches to make headlines.
GlobeNewswire: Since 2017 there has been a 400 to 600 percent increase in the amount of cryptomining malware being detected globally, the vast majority of which has been found on social media platforms. Of the top 20 global websites that host cryptomining software, 11 are social media platforms like Twitter and Facebook...
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