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Cyber Crime News
Guardian
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Will cyber-attack threaten M&S’s hard-won return to fashion relevance?
- In just six years, Marks & Spencer has transformed into a fashion destination with increased profits and sales.
- A recent cyber-attack disrupting online clothing sales poses a threat to M&S's fashion strategy.
- The disruption is expected to lead to £300m in lost profits, impacting brand reputation and customer loyalty.
- Strong clothing sales are attributed to wardrobe basics like underwear and more fashion-forward pieces.
- M&S's focus on a more fashion-focused demographic has been pivotal in its turnaround.
- The retailer introduced designer collaborations and standalone brands to appeal to customers.
- M&S has reduced design time to market and gained success with high-quality dupes of high-end products.
- Customers have expressed frustrations on social media due to the cyber-attack impact on shopping.
- Retail analysts believe loyal M&S customers may explore other brands due to the online disruption.
- The impact of the cyber-attack on M&S's strategy is seen as a temporary setback rather than a permanent derailment.
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Securityaffairs
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A cyberattack was responsible for the week-long outage affecting Cellcom wireless network
- Cellcom, a regional wireless carrier based in Wisconsin, confirmed a cyberattack that caused a week-long outage affecting voice and text services in Wisconsin and Upper Michigan.
- The company announced it has begun restoring services and stated it had protocols in place for such incidents to address the cyberattack.
- Cellcom reported that the cyberattack impacted a network area not linked to the storage of sensitive information, and there's no evidence of customer personal or financial information being compromised.
- The company is working with external cybersecurity experts, local authorities, and aims to fully restore its services by the end of the week.
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Guardian
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The cyber-attack is costly and embarrassing. But M&S should pull through
- Marks & Spencer's recent cyber-attack, costing £300m, has raised questions about IT system robustness and response time for website restoration.
- CEO Stuart Machin defended M&S by attributing the incident to bad luck and assuring return to normalcy by July.
- Assessment of corporate responses to cyber-attacks is challenging, but M&S's financial resilience and solid balance sheet may help absorb the impact.
- While the long-term impact on customer behavior remains uncertain, M&S's share price saw a slight recovery post-incident, indicating investor confidence in the company's ability to navigate the situation.
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TechCrunch
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US student agrees to plead guilty to hack affecting tens of millions of students
- Massachusetts student, Matthew D. Lane, to plead guilty to federal charges related to hacking and extorting a major U.S. education tech company.
- Lane accessed network of an unnamed software company, stealing personal information of over 60 million students and 10 million teachers, including sensitive data like Social Security numbers and medical information.
- Lane worked with a co-conspirator to extort about $2.85 million in cryptocurrency from the education software maker.
- The compromised company, likely PowerSchool, paid hackers to delete stolen data, facing subsequent extortion attempts from others claiming the data was not destroyed.
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Silicon
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M&S Cyberattack To Cost £300m And Upheaval To Last Into July
- Marks & Spencer (M&S) confirms financial and operational impact of recent cyberattack, revealing customer data theft and disrupted operations.
- M&S estimates £300m impact on Group operating profit for 2025/26 due to cyberattack, with online disruption expected to continue into July.
- UK's National Crime Agency identifies cyber-criminal collective Scattered Spider as key focus, known for ransomware attacks using DragonForce platform.
- Leader of Scattered Spider, Tyler Buchanan, arrested in Spain, while other alleged members include Noah Michael Urban and Remington Ogletree, with global arrests made in connection with previous hacks.
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Securityaffairs
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Coinbase data breach impacted 69,461 individuals
- Coinbase disclosed that a recent data breach impacted 69,461 individuals after overseas support staff accessed customer and corporate data improperly.
- Rogue contractors stole data on under 1% of users from Coinbase and demanded $20 million; breach initially disclosed in an SEC filing.
- Unauthorized data access was detected by support personnel, prompting termination, enhanced monitoring, and user alerts; breach involved a coordinated campaign.
- Exposed data did not include passwords, private keys, or customer funds but included contact details, partial SSNs, bank info, ID images, account history, and limited internal documents.
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Silicon
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Legal Aid Agency Confirms Cyberattack, Data Theft
- The Legal Aid Agency, an agency of the UK Ministry of Justice, experienced a cyberattack resulting in a significant data breach of personal information.
- Sensitive data, including financial information, of legal aid applicants dating back to 2010 has been compromised in the breach.
- The agency has taken down its online services and urged affected individuals to safeguard themselves against potential identity theft and suspicious activity.
- The Ministry of Justice is working with authorities to address the breach, and the Legal Aid Agency CEO has apologized for the incident and emphasized the need for enhanced system security.
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TechCrunch
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Coinbase says its data breach affects at least 69,000 customers
- Coinbase disclosed a data breach affecting at least 69,461 customers' personal and financial information.
- The breach occurred from December 26, 2024, until earlier this month, with a hacker demanding $20 million as ransom, which Coinbase refused to pay.
- The stolen data includes customer names, email addresses, phone numbers, government-issued ID documents, account balances, and transaction histories.
- The hacker gained unauthorized access through bribing Coinbase customer support workers, leading to concerns about wealthy customers being targeted.
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VoIP
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SK Telecom Breach Spurs Global Telecom Data Security Efforts
- A server breach at SK Telecom has compromised personal and USIM data of all subscribers, potentially leaking 9.32 gigabytes of sensitive information.
- SK Telecom took proactive measures like offering free USIM card replacements and enrolling customers in a USIM protection program to address identity theft concerns.
- International collaboration in the telecom sector regarding data security includes efforts from South Korea and the U.S., aiming at better international coordination against cyber threats and aligning cybersecurity standards.
- Despite challenges like South Korea being categorized as a 'sensitive country' affecting research funding, efforts continue to enhance U.S.-South Korea cooperation in technological research, with investments in areas like artificial intelligence and biotechnology.
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TechDigest
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M&S cyber attack could cost £300 million, disruptions expected until July
- Marks & Spencer (M&S) anticipates a £300 million impact on trading profits this year due to a recent cyberattack, leading to operational disruptions expected until July.
- The ransomware attack has caused over £1 billion reduction in M&S's market value, primarily affecting online ordering capabilities, with website sales set to resume partially in the upcoming weeks.
- The cyberattack is suspected to be orchestrated by a hacking group called Scattered Spider, compromising customer data while assuring the security of payment information.
- M&S CEO Stuart Machin acknowledges the severity of the incident but remains optimistic, stating that it will not derail the company's plans for reshaping and improving technology transformation, despite the projected profit reduction of £300 million.
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Guardian
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Image Credit: Guardian
Marks & Spencer expects £300m hit in lost sales from cyber-attack
- Marks & Spencer expects to lose around £300m in sales due to a cyber-attack that forced the company to halt online orders and face challenges in stocking store shelves.
- Despite the cyber-attack, Marks & Spencer reported a 22% increase in annual pre-tax profits to £876m, showing better-than-expected performance before the incident.
- The company had over £400m of net funds before the cyber-attack, stating it was in a strong financial position that could help mitigate the expected financial impact through insurance and other measures.
- The cyber-attack on Marks & Spencer's IT systems over the Easter weekend led to disruptions in online orders, deliveries to stores, and partnerships, with personal information of thousands of customers being compromised.
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Cybersecurity-Insiders
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Image Credit: Cybersecurity-Insiders
Google Warns Users About Phishing Scam Targeting 2 Billion Active Accounts
- Google has issued a security alert regarding a phishing scam targeting its 2 billion active accounts.
- Fraudulent emails from '[email protected]' claim data compromise to steal personal information.
- Recipients are urged to click on links leading to fake government actions threatening data inspection.
- Google emphasizes it never requests sensitive data like passwords or OTPs via email.
- Phishing links direct users to malicious sites harvesting login details and financial information.
- Scammers use Gmail to distribute malicious content, posing a new level of deception.
- Google advises users to report phishing attempts, keep devices updated, and use anti-malware solutions.
- Staying cautious and informed is crucial in staying safe from evolving cyber threats.
- The incident highlights the need for enhanced security measures to combat phishing scams.
- Vigilance and cybersecurity practices are key to protecting personal data in the digital age.
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Guardian
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Image Credit: Guardian
What to do if you can’t get into your Facebook or Instagram account
- If you can't access your Facebook or Instagram account, try resetting your password using the 'Forgot password?' link on the login screen.
- If you no longer have access to the associated email, visit facebook.com/login/identify and follow the instructions to prove your identity and reset your password.
- If your account was hacked, visit facebook.com/hacked or instagram.com/hacked/ on a previously used device and follow the instructions provided.
- After regaining access, change your password to something strong, enable two-step verification, turn on 'unrecognised login' alerts, remove suspicious friends, and consider advanced protection options.
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25 Likes
Securityaffairs
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Image Credit: Securityaffairs
SK Telecom revealed that malware breach began in 2022
- SK Telecom revealed that the security breach disclosed in April began in 2022.
- SK Telecom, South Korea's largest wireless telecom company, detected a malware attack in April affecting 27 million users.
- The breach exposed data like phone numbers, IMSIs, SIM keys, and HSS-stored info of users.
- Investigations found that the breach began in 2022, went undetected for nearly three years, and involved 25 malware types across 23 servers.
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Kaspersky
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Image Credit: Kaspersky
Phishing through Google Ads: attacks on SEO and marketing
- Cybercriminals target users who click on the first link in search engine results by promoting fake sites through Google Ads.
- Google blocked 415 million ads in 2024 for rule violations, including scams, highlighting the scale of the issue.
- Scammers create fake Semrush pages to phish for SEO professionals' credentials, using similar domain names and Google Ads for promotion.
- Fake pages imitate legitimate sign-in processes to steal Semrush or Google account credentials.
- Another tactic involves promoting fake Google Ads within Google Ads by leveraging Google Sites to create convincing phishing pages.
- Google acted swiftly to remove these malicious sites from search results, but comprehensive solutions require proactive steps.
- To protect against phishing attacks, organizations should encourage bookmarking trusted sites, conduct security awareness training, and implement multi-factor authentication.
- It is recommended to deploy robust security solutions on all company devices to prevent visits to malicious websites.
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