Multifactor Authentication Is Not Enough To Protect Cloud Data
DARKReading, Friday, June 21st, 2024
Ticketmaster, Santander Bank, and other large firms have suffered data leaks from a large cloud-based service, underscoring that companies need to pay attention to authentication.
A cybercriminals group known as UNC5537 has been on a tear.
Over the past month, the ransom gang, possibly related to ShinyHunters or Scattered Spider, stole more than 560 million customer records from Ticketmaster and posted it for sale on its reconstituted leak site, BreachForums, on May 28, asking for $500,000. Two days later, the group claimed to have stolen 30 millions account records from Spain-based Santander Bank, asking for a cool $2 million. Both companies acknowledged the breaches after the postings.