Security News

Cloud communications company Twilio has announced that some of it employees have been phished and that the attackers used the stolen credentials to gain access to some internal company systems and customer data.Apparently, Twilio employees were not the only ones targeted by these attackers.

Cloud communications company Twilio says some of its customers' data was accessed by attackers who breached internal systems after stealing employee credentials in an SMS phishing attack. "On August 4, 2022, Twilio became aware of unauthorized access to information related to a limited number of Twilio customer accounts through a sophisticated social engineering attack designed to steal employee credentials," Twilio said over the weekend.

Black Kite: Cost of data breach averages $15 million. Based on a review of 2,400 cyber incidents between 2017-2022 at 1,700 companies, cyber risk monitoring firm Black Kite concluded the average cost, excluding outliers, of a data breach today is $15 million.

The global average cost of a data breach reaches an all-time high of $4.35 millionIBM Security released the 2022 Cost of a Data Breach Report, revealing costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of $4.35 million for studied organizations. Minimizing risk: Key cybersecurity-related M&A considerationsIn this Help Net Security video, Lenny Zeltser, CISO at Axonius, shares key cybersecurity-related considerations that both acquirer and acquired should keep in mind as they go through M&A. Trust in fintech security has been waveringThe growing rate of cybercrime has added to the market unrest and questioned fintech preparedness; some claimed that the industry players are more susceptible to virtual threats than traditional banking, with greater resources at their disposal.

IBM Security released the 2022 Cost of a Data Breach Report, revealing costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of $4.35 million for studied organizations. Almost 80% of critical infrastructure organizations studied don't adopt zero trust strategies, seeing average breach costs rise to $5.4 million - a $1.17 million increase compared to those that do.

Average cost of data breach surpasses $4 million for many organizations. To create its "Cost of a Data Breach Report 2022," IBM Security commissioned Ponemon Institute to analyze 550 organizations hit by data breaches between March 2021 and March 2022.

Just under a year ago, the US arm of telecomms giant T-Mobile admitted to a data breach after personal information about its customers was offered for sale on an underground forum. At the time, VICE Magazine claimed to have communicated with the hacker behind the breach via online chat, and to have been offered "T-Mobile USA. Full customer info."

Virtual pet website Neopets has suffered a data breach leading to the theft of source code and a database containing the personal information of over 69 million members. Neopets is a popular website where members can own, raise, and play games with their virtual pets.

Comic reading platform Mangatoon has suffered a data breach that exposed information belonging to 23 million user accounts after a hacker stole it from an unsecured Elasticsearch database. This week, the data breach notification service Have I Been Pwned added 23 million Mangatoon accounts to their platform.

Hotel giant Marriott International confirmed it was hit by another data breach after an unknown threat actor breached one of its properties and stole 20GB of files. "The threat actor used social engineering to trick one associate at a single Marriott hotel into providing access to the associate's computer. The threat actor did not impersonate any Marriott vendor."