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All issuesVolume 330, Issue 3IT NewsSecurity

How Exposure Management Could Have Prevented This Data Breach

SC Media, September 17,2025

Dissecting a $250M breach - How one of North America's largest banks, despite a strong cybersecurity posture, fell victim to a chained cloud exploit that exposed more than 100 million customer records.

Why silos create blind spots - The overlooked connections between cloud misconfigurations, identity weaknesses, and over-permissioned access that attackers leveraged to move undetected.

Lessons for defenders - How exposure management platforms can help organizations anticipate complex attack paths, connect the dots across hybrid environments, and reduce the likelihood of headline-making breaches.

Several years ago, one of the largest banks in North America found itself under attack. Its cloud storage was breached in a chained exploit and the personal and financial information of more than 100 million customers was compromised. In the end, the breach cost the bank $250 million in cleanup costs, lawsuit settlements and regulatory penalties.

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