The recent cyber-attack on discount retailer The Works, emphasises the need for organisations of all sizes to invest in ransomware prevention measures.
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On 22 September 2016 Yahoo! released a statement and the full extent of the 2014 Yahoo! data breach was revealed. With at least 500 million Yahoo! accounts being hacked and their information stolen, this is to date the biggest data theft that the Internet has experienced. The occurrence of data theft instances has increased rapidly in recent years, but this one is quite severe.
The breach occurred in late 2014, and it is unclear how long Yahoo! have been aware of the enormity of it. In their statement, they also claim that they believe a “state-sponsored actor” (hacker paid by the government) was responsible for the crime. Their official statement came two months after the company admitted to investigating a hacker who was selling the data of some 200 million Yahoo! stolen accounts on a dark web marketplace for a meagre one bitcoin (more or less $2000).
This airing of Yahoo!’s dirty laundry comes at a very inappropriate time for them, as a company named Verizon agreed to buy Yahoo! in late July 2016 for $4.83 billion. The acquisition was scheduled to be finalized in early 2017. Verizon only found out about the breach in September.
Damages to Yahoo! and Verizon as companies set aside – let us reflect on what the ramifications are for the Yahoo! account holders in question:
It’s fair to accept that most users won’t take online account security advice from Yahoo!.
Meanwhile, our hearts bleed for Yahoo!. Godspeed!
The recent cyber-attack on discount retailer The Works, emphasises the need for organisations of all sizes to invest in ransomware prevention measures.
Continue readingReading, April 28, 2022 – Redstor, the cloud-first backup platform of choice for MSPs, today announced the appointment of accomplished channel sales executive Mike Hanauer in a newly created role of Chief Revenue Officer (CRO). Known across the market for his revenue-generating successes with top data protection, recovery and security companies, Hanauer will spearhead global expansion plans for Redstor’s category-leading SaaS platform.
Continue readingThe Digital Operations Resilience Act (DORA) is the European Union’s attempt to streamline the third-party risk management process across financial institutions.
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