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Most data breaches on enterprise attack the supply chain

Techradar

Techradar · 1y ago

Most data breaches on enterprise attack the supply chain

According to a report by security organization SecurityScorecard, 75% of data breaches in the enterprise were targeted through the software and technology supply chain. The majority of these breaches were related to the MOVEit managed file transfer software. The report also highlighted that 75% of organizations rely on manual third-party risk programs, highlighting the need for automation in cyber risk management. The healthcare industry was the most affected by third-party breaches, making up 35% of all attacks. North America accounted for 64% of all third-party breaches, with the majority occurring in the United States.

Related News

Insurance giant Fidelity hit by data breach — thousands of customers may have had data stolen

Techradar

Techradar · 1y ago

Insurance giant Fidelity hit by data breach — thousands of customers may have had data stolen

Tens of thousands of Fidelity Investments Life Insurance customers had their private data stolen in a supply chain attack that occurred in November 2023. The breach, which targeted a US subsidiary of Infosys, resulted in the theft of individuals' names, Social Security numbers, bank account details, and more. LockBit, a major ransomware operation, claimed responsibility for the breach. This incident highlights the risks posed by supply chain attacks and the potential for cybercriminals to exploit stolen data for various scams. In a separate incident, Fidelity National Financial also suffered a data breach in January 2024, compromising data on over a million customers.

Hundreds of e-commerce sites hacked in supply-chain attack

Arstechnica

Arstechnica · 3m ago

Hundreds of e-commerce sites hacked in supply-chain attack

Hundreds of e-commerce sites were compromised in a supply-chain attack where malware backdoor allowed execution of malicious code on visitor devices. The attack compromised software from vendors Tigren, Magesolution, and Meetanshi, based on Magento, potentially affecting thousands of online shoppers by injecting skimming code to steal payment data. Despite the malware remaining dormant for six years, the breach continues as some vendors still distribute infected software, prompting sites to inspect for infection signs.

Supply-chain attack on WordPress plugins affects as many as 36,000 sites

Arstechnica

Arstechnica · 1y ago

Supply-chain attack on WordPress plugins affects as many as 36,000 sites

A supply-chain attack targeted WordPress plugins running on 36,000 websites. Five plugins were affected, allowing for the creation of attacker-controlled administrative accounts and manipulation of search results. The malware injected into the updates is not sophisticated and dates back to June 2024. Users are advised to uninstall the affected plugins and check for unauthorized content or admin accounts. The origins and distribution method of the malware are still being investigated. This attack highlights the vulnerability of supply chain attacks and the importance of regularly updating and securing software.

Arteria secures Rs 100 Cr in Series B from ICICI Venture to expand supply chain SaaS platform

YourStory

YourStory · 29d ago

Arteria secures Rs 100 Cr in Series B from ICICI Venture to expand supply chain SaaS platform

Arteria Technologies, a Bengaluru-based SaaS company, raised Rs 100 crore in Series B funding from ICICI Venture. The investment will expand operations, strengthen the team, and boost AI-driven product development in the supply chain sector. Founded in 2010, Arteria offers digital solutions and embedded financing to improve capital flow for suppliers and distributors. The funding highlights Arteria's data-driven approach to digitizing supply chains and providing seamless financing solutions for enterprise clients.

Starbucks, other retailers hit by ransomware attack on tech provider

Livemint

Livemint · 8m ago

Starbucks, other retailers hit by ransomware attack on tech provider

A recent ransomware attack on supply chain software provider Blue Yonder has caused disruptions for retailers, including Starbucks and Sainsbury's. The attack impacted systems hosted by Blue Yonder, causing disruptions in inventory management and employee scheduling. Starbucks has been manually calculating employee pay and ensuring baristas will be paid for all hours worked. Ford Motor is investigating whether the outage affected its operations. UK grocery chains Morrisons and Sainsbury's have implemented contingency plans to mitigate the impact. The incident follows a series of cyberattacks on grocery supply chains, including Ahold Delhaize, leading to product shortages.

South Korean chipmaking giants reportedly hacked by North Korea

Techradar

Techradar · 1y ago

South Korean chipmaking giants reportedly hacked by North Korea

North Korean hackers have targeted South Korean chip manufacturers in an attempt to enhance their weapons production capabilities, according to the South Korean National Intelligence Service (NIS). The hackers reportedly infiltrated the servers of two semiconductor manufacturers, potentially gaining access to sensitive information. The NIS suggested that North Korea may be seeking to develop its own semiconductors due to difficulties in obtaining them amidst sanctions. No specific details on the targeted companies or successful data breaches were disclosed. The US has invested billions in domestic semiconductor production to mitigate supply chain security risks.

Microsoft says Kremlin-backed hackers accessed its source and internal systems

Arstechnica

Arstechnica · 1y ago

Microsoft says Kremlin-backed hackers accessed its source and internal systems

Microsoft has revealed that the Russian hacking group known as Midnight Blizzard, who breached the company's network in January, has expanded their access and increased their follow-on attacks. They have compromised Microsoft's source code and internal systems, as well as targeting customers. Microsoft has found evidence that the group has used the stolen information to gain unauthorized access to its network. Midnight Blizzard is considered one of the most prolific advanced persistent threat (APT) groups, being responsible for the SolarWinds supply-chain attack and targeting various sectors including aviation, education, law enforcement, and government organizations.

How MathCo Is Helping Fortune 500 Companies With Data-Driven Decision-Making

Inc42 · 1y ago

How MathCo Is Helping Fortune 500 Companies With Data-Driven Decision-Making

MathCo is an enterprise AI and analytics startup that offers AI-powered solutions to global enterprises to optimize their supply chain. Founded in 2016, the company helps Fortune 500 companies make data-driven decisions by providing tailored solutions to address their unique challenges. MathCo's proprietary platform, NucliOS, is used to build custom products and tools that enhance data-backed decision making. The company aims to solidify its position as a leader in data analytics, expand its market reach, and explore growth opportunities through strategic partnerships and acquisitions.

Tiger Global-funded Bizongo raises $50 Mn in Series E

Entrackr

Entrackr · 1y ago

Tiger Global-funded Bizongo raises $50 Mn in Series E

Bizongo, an e-commerce focused packaging company, has raised $50 million in a Series E funding round led by existing investor Schroder Adveq. The funding, which values the startup at $980 million, comes after a gap of over a year. Bizongo offers vendor management, supply chain automation, and supply chain financing services to its enterprise customers. The company aims to post a profit before tax in the fiscal year ending March 2024.

An infamous hacking group is reportedly behind the cyberattack that has left US pharmacies reeling

Business Insider

Business Insider · 1y ago

An infamous hacking group is reportedly behind the cyberattack that has left US pharmacies reeling

A recent report reveals that the recent pharmacy delivery disruptions in the US were caused by a ransomware attack orchestrated by a notorious hacker gang known as Blackcat or ALPHV. The gang has been linked to several high-profile data breaches, including attacks on Reddit, Caesars Entertainment, and MGM Resorts. Law enforcement agencies seized websites and decryption keys associated with the gang in December, prompting the hackers to threaten critical infrastructure providers and hospitals. The attack on Change Healthcare, a subsidiary of UnitedHealth Group, resulted in ongoing system outages, causing a significant backlog in prescription insurance claims. UnitedHealth Group has employed cybersecurity firms to investigate the breach.

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