Media streaming company Roku has disclosed a data breach that affected over 15,000 people and allowed fraudsters to purchase subscriptions using stored credit cards.
Cyber Security
Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.
So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.
It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.
After weathering two waves of credential stuffing attacks thus far in 2024, the second of which involved over half a million compromised accounts, Roku is now requiring that customers set up a 2FA method.
While the wheels of digital transformation were set in motion much earlier, the pandemic accelerated their speed. It significantly impacted how organisations approach their IT ecosystem and security. Today’s landscape, with no perimeter, requires a Zero Trust approach.
A breach of the Ronin network’s bridge between it and the popular NFT game "Axie Infinity" netted an attacker the equivalent of $625 million in Ethereum and other coins, making it one of the largest DeFi Platfform thefts to date.
The cloud can provide better data security than traditional storage … when done correctly. How do you ensure your unstructured data remains secure and highly available?
DeFi projects continue to be a popular target of attack for advanced hackers, as a number of finance pools associated with Curve were hit on July 31 for a total loss of about $61 million. The attack appears to have been the result of a vulnerability found in certain versions of the Vyper programming language.
Royal Mail Group warned of disruptions in international export services and stopped accepting parcels for international delivery after a LockBit “cyber incident” caused severe disruption to export services.
LockBit ransomware attack that severely hampered Royal Mail's international delivery system would have cost no less than $70 million, according to chats leaked by the attackers. The original ransom demand was $80 million.
Royal Mail's parent company, International Distribution Services, will spend more than £10 Million in ransomware recovery costs from the January 2023 LockBit cyberattack.
In recent years, this has meant regulation and legal enforcement around data collection have not kept pace with the exponential growth in the tech industry. This can oftentimes lead to big consequences for individuals.










