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The Target: One of the largest cryptocurrency infrastructure providers, Transak serves nearly six million users across 160 countries and 46 U.S. states.
The Take: Names, birthdays, passports, driver’s license information and user selfies were leaked in the breach.
The Vector: A “sophisticated phishing attack” granted the attacker access to an unnamed know-your-customer vendor Transak uses for document scanning and verification.
As phishing actors continue to explore every potential abuse opportunity on legitimate service providers, novel security gaps constantly threaten to expose users to severe risks. It is essential not to rely solely on email protection solutions, and also scrutinize every email that lands on your inbox, look for inconsistencies, and double-check all claims made in those messages.
CSO Online: The US Cybersecurity Infrastructure Security Agency (CISA) has proposed a set of security requirements to be fulfilled by organizations running sensitive business transactions with states posing national security and foreign policy threats to the US.
MSN: Thoma Bravo-backed cybersecurity firm Sophos said it would acquire Secureworks from Dell Technologies for $859 million in cash to strengthen its product lineup for enterprise customers.
Yahoo Finance: Cybersecurity services provider Socket said it has raised $40 million in a mid-stage round from a host of existing and new investors, including OpenAI Chairman Bret Taylor, Yahoo Co-Founder Jerry Yang and Shopify CEO Tobias Lutke.
BNN Bloomberg: Four hacked companies will pay a total of almost $7 million to settle US Securities and Exchange Commission allegations that they downplayed the significance of the cyberattacks, the latest fallout from the massive SolarWinds Corp. breach.
Cybersecurity Dive: As cybersecurity concerns grow around the globe, senior executives and board members are looking to the CISO to help shape how companies manage risk and think strategically about growing technology estates.
Yahoo Finance: As technology advances at a rapid pace, even the most sophisticated organizations struggle to keep up — especially when it comes to cybersecurity.
TechCrunch: Not everyone is convinced of generative AI’s return on investment. But many investors are, judging by the latest figures from funding tracker PitchBook.
The Target: U.S. money transfer giant MoneyGram.
The Take: The stolen customer data includes names, phone numbers, postal and email addresses, dates of birth, and national identification numbers. The data also includes a “limited number” of Social Security numbers and government identification documents, such as driver’s licenses and other documents that contain personal information, like utility bills and bank account numbers.
The Vector: BleepingComputer first reported that MoneyGram was breached through a social engineering attack on its IT help desk where threat actors impersonated an employee. Once they gained access to the network, the threat actors initially targeted the Windows active directory services to steal employee information.
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.
Crunchbase: After a robust comeback in the second quarter of this year, funding to cybersecurity startups tumbled 51% in Q3 as investors pulled back.
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