Security Stop Press : 60 Million Individuals & 1000 Businesses Hit By MOVEit Hack

It’s been reported (Emsisoft) that the hack of MOVEit software by the Russian Cl0p ransomware gang may have impacted nearly 1,000 organisations and 60 million individuals.

The supply chain attack ‘payroll hack,’ which exploited a vulnerability in Progress’s popular MOVEit software (used to move sensitive files like employee addresses or bank account details), is reported to have stolen and exposed the information of major companies including British Airways, Boots, the BBC, and almost 1000 others worldwide.

This highlights the importance of businesses having comprehensive cyber security in place including effective backup, and business continuity and disaster recovery plans.

Security-Stop-Press : Most Consumers Will Ditch Brands Hit By Ransomware

Research from Object First has revealed that 75 per cent of consumers would ditch a company known to hit by a ransomware attack in favour of a safer competitor. The research results emphasise how seriously today’s consumers take their data protection. The message to businesses is to prioritise cyber security and data protection measures such as reliable backup and recovery, password protection, and identity and access management.