Industry News: Cyber

Know Your Breach: MCA Wizard

Written by Cybersecurity | Mar 27, 2020 4:02:43 PM

The target: MCA Wizard, a now defunct mobile app for loaning money to small business owners developed jointly by Advantage Capital Funding and Argus Capital Funding in 2018.

The take: 425GB of data comprising over 500,000 documents, including credit reports, bank statements, contracts, legal paperwork, driver’s licenses, purchase orders & receipts, tax returns, social security information and more.

The attack vector: Even though the app itself was pulled from both Google Play and the App Store, the data behind it remained online, stored in an unsecured AWS S3 bucket which was accessible without a password. Security researchers noted that while the app was no longer available, new documents were being added to the database right up until its removal, suggesting that another application or service could have been using the same bucket.

While this is yet another example of a misconfigured storage bucket, it also raises the issue of security controls and management of the lifecycle of data. If an app or service reaches its end of life, there is absolutely an onus on the responsible firm to manage any sensitive data collected or processed by that app through to secure deletion.

Read more...