5 World’s Biggest Cyber-Attacks That Peril Companies

The outbreak of Covid confined both good and evil in their homes. In 2020, enterprises lost over 1 trillion dollars to cyber security threats. Cybercrime Magazine’s report on cybercrimes reported that cybercrime would inflict losses amounting to $6 trillion by 2025. The sum is enough to represent an economy after the USA and China.

Global Risk Report 2020 published under the aegis of the World Economic Forum revealed that the chances of nabbing and sentencing a cybercriminal are 0.05%, almost zero. You must always access websites that are not prone to such attacks like vipslot77 judi slot online. Now, let us take a look at the biggest cyberattack of 2020.

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Solar Winds

Reuters reported the attack on a US firm SolarWinds that were going on for months were identified by FireEye. US officials believe that the attack originated in an Asian country to spy on topmost officials of US intelligence and government including officials from Homeland Security and Treasury Departments.

Hackers added a code in SolarWinds’ software system named ‘Orion’. The software is used by over 30,000 companies across the globe for managing their IT resources according to the SEC filings. The company unknowingly sent an update of the software to its subscribers which was installed by 18,000 enterprises. The hackers were able to get access to their systems and planted more malware facilitating their purpose of spying.

Twitter Attack of 2020

Twitter accounts of several global icons were jeopardized on 15th July 2020 by a spear-phishing scam. Phishing attacks have been touted to have escalated by 667%. Twitter is said to have lost more than 100,000 US dollars. The hackers employed the infamous social engineering technique to get into the internal network on Twitter. They gained access to the credentials of employees that were authorized to have access to account management tools.

Through this chain., they targeted 130 Twitter accounts of notable personalities like Elon Musk, Barack Obama, Jeff Bezos, and Warren Buffet. They tweeted from 45 accounts and access the Direct message Inbox of 36 individuals. The data of seven Twitter accounts were downloaded as reported by the Twitter blog. The email was sent to promote a bitcoin scam that promised to send double the bitcoin sent to their account.

The Marriot Hotel Attack

The Marriot has suffered major cyber-attacks within 2 years. In recent attacks, the personal information of 5.2 million people were subject to unauthorized access. Hackers targeted an application used by the hotel to manage the data of guests. They stole credentials, names, phone numbers, addresses, dates of births, passport details, and airline loyalty information. The leakage of such information may be used to track the movement of government officials and businessmen for ulterior motives.

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In 2018, Marriot revealed that user information of nearly 500 million guests was accessed illegally who registered themselves with Starwood property, a hotel chain acquired by Marriot hotels. The hotel group was fined by London’s Information Commissioner office to the tune of £18.4m. the breach was going on since 2014 and was not investigated seriously by Marriot before acquiring Starwood. The ICO’s report on the matter revealed that nearly 339 million people have been affected by this breach.

Greece Banking Failure

Global hacktivist group Anonymous entered the website of four Greek banks namely, Alpha Bank, Piraeus Bank, Eurobank, and the National Bank of Greece, during holidays and disrupted its activities for 6 hours. The act was orchestrated to protest against corruption in the international financial systems. The banks had to replace the credit card credentials of 15,000 customers who have transacted through their websites. The group also warned that more attacks will be carried out in the USA, Brazil and India.

Finastra Ransomware Attack

UK’s Finastra, World 3rd largest Fintech bank was attacked by ransomware. However, the banking institution was quick to identify and respond to the threat. They shut down their servers while they dealt with it. There was no evidence that the attack was successful. Hackers could not get their hands on the internal information of any customer or employee. It was believed that the attack made its way because the company was running on unpatched servers for a long. Their approach of isolation, investigation, and containment appears to have become successful. The company has its footprints in 42 countries employing 10,000 people and having 9000 customers. The company generated $2 billion in revenues in 2019. Its clients are the top 90 banks of the world.

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