Here’s the latest installment of the Hacks, Attacks and Breaches cybersecurity news update.
The Logically team provides top cyber security stories every week to keep you up to date on the latest news headlines on cybersecurity, hacking, computer security, ransomware and other cybersecurity threats.
FTX
Exploit: Hacking
FTX: Cryptocurrency Exchange
Risk to Small Business: The collapse of cryptocurrency exchange FTX has been an epic disaster for the crypto world, and the saga isn’t even close to over. On the heels of the company’s bankruptcy filing, FTX experienced a hacking incident that resulted in an estimated $500 million being siphoned from users’ cryptocurrency wallets late last Friday. The company’s CEO took to Twitter to confirm the hack. In its Telegram channel, FTX cautioned users that “FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans.” The company says that it is working with law enforcement officials and making every effort to secure users’ remaining assets.
How it Could Affect Your Business: This adds insult to injury at the worst possible time further compromising the cryptocurrency market.
Jackson Intermediate School District
Exploit: Ransomware
Jackson Intermediate School District: Education Authority
Risk to Small Business: The Jackson Intermediate School District (Jackson ISD) near Lansing, Michigan, was hit by a ransomware attack that forced area schools to suspend classes for a day. The attack forced systems offline last Monday. Jackson ISD provides technology services for schools and school districts in Jackson and Hillsdale counties. School officials said that the attack impacted several critical operating systems that necessitated the closure. No word on any ransom demand was available at press time.
How it Could Affect Your Business: Schools at every level have been extremely pressed by ransomware groups and need to maintain strong security.
Sobey’s
Exploit: Ransomware
Sobey’s: Supermarket Chain
Risk to Small Business: Sobey’s, Canada’s second-largest supermarket chain, has been the victim of a ransomware attack that impacted the supermarket chain’s operations. Stores remained open and mostly operational for shoppers, but some systems were down or spotty causing delays in services. Customers were unable to refill prescriptions or purchase gift cards. Payment systems were not impacted. The chain consists of 1,500 stores in all ten provinces under multiple retail banners, including Sobey’s, Safeway, IGA, Foodland, FreshCo, Thrifty Foods and Lawtons Drugs. Black Basta ransomware is likely to be behind the attack. No information about what if any data was stolen or a ransom demand was available at press time.
How it Could Affect Your Business: Ransomware operators have been focusing on sectors that impact people’s daily lives for maximum gain, with Food & Agriculture high on their list.
