Hacker And The Fed cover image

Hacker And The Fed

MOVEit and MGM Resorts Hacks, U.S. Senate's Email System Melts Down, Cisco Can't Stop Using Static Passwords, and Listener Questions

Oct 19, 2023
Updates on MOVEit and MGM Resorts hacks, US Senate email system meltdown, Cisco's use of static passwords. Listener questions on single sign-on, circumventing IT rules, LinkedIn profiles.
01:24:49

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Quick takeaways

  • The recent hack of the file transfer software, MoveIT, highlights the growing trend of targeted attacks on software vulnerabilities by ransomware groups.
  • The US Department of State's failure to implement effective security measures raises concerns about the vulnerability of a vital government agency.

Deep dives

MGM hack leads to massive theft of sensitive information

The popular file transfer software, MoveIT, was hacked by the Clop ransomware gang, resulting in 62 million people and over 2,000 organizations being affected. The cybercriminals earned between $75-100 million from this breach. This incident highlights the increasing focused targeting of software vulnerabilities by ransomware groups, emphasizing the need for proactive security measures.

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