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The Target: Finastra provides software and services to roughly 8,000 financial institutions worldwide, including 45 of the top 50 banks. Based in London, the company has offices in 42 countries.
The Take: A threat actor using the moniker ‘abyss0’ announced on a dark web cybercrime forum that they were selling 400 gigabytes of data allegedly stolen in the attack and belonging to the fintech giant’s customers.
The Vector: The security incident occurred on November 7, 2024, when an attacker used compromised credentials to access one of Finastra's Secure File Transfer Platform (SFTP) systems.
This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
Dark Reading: Though funding for cybersecurity startups began slowing globally in late 2022, Israeli startups continue to win significant cybersecurity investments, even with the nation's ongoing military operation in Gaza and escalating regional tensions.
BNN Bloomberg: CrowdStrike Holdings Inc. fell in early trading after the cybersecurity company issued a weaker-than-expected earnings forecast, disappointing investors who have been watching for signs that it has recovered from a flawed update that crashed computers around the world.
MSN: Cyberattacks have cost British businesses around 44 billion pounds ($55.08 billion) in lost revenue in the past five years, with 52% of private sector companies reporting at least one attack in that time, insurance broker Howden said.
CSO Online: The Cyber Security Legislative Reforms proposed by the Australian federal government passed both houses on 25 November, during the last week of Parliamentary sittings.
Bleeping Computer: A Kansas City man has been indicted for allegedly hacking into computer networks and using this access to promote his cybersecurity services.
BNN Bloomberg: Cybersecurity startup Halcyon Tech Inc. is the industry’s latest unicorn, reaching $1 billion valuation in a deal to raise $100 million as it aims to combat the rise of ransomware attacks.
Forbes: In today's era, cybersecurity increasingly relies on artificial intelligence (AI) to keep up with evolving threats. As businesses integrate more technology into their processes, the risks of data breaches and cyberattacks also rise.
The Target: Maxar Space Systems is a major player in the American aerospace industry, considered an expert in building communication and Earth observation satellites.
The Take: Maxar Space Systems says that the attacker likely has access to a system that contained the following employee information: name, home address, social security number, business contact information, gender, employment status, employee number, job title, hire/job termination start dates, supervisor, department.
The Vector: The information security team discovered that a hacker using a Hong Kong-based IP address targeted and accessed a Maxar system containing certain files with employee personal data.
This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
Dark Reading: As artificial intelligence (AI) continues to revolutionize industries, the cybersecurity field faces a dual-edged sword of opportunities and threats. StrongDM's latest report, "The State of AI in Cybersecurity," highlights the growing concerns and readiness of cybersecurity professionals to tackle AI-driven challenges.
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