The Russian threat actor Black Basta appears to have targeted UK utility Southern Water, in a cyber attack that may have compromised personal and…

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The Russian threat actor Black Basta appears to have targeted UK utility Southern Water, in a cyber attack that may have compromised personal and corporate data. One waits to see the fall out of from the attack to customers. While data theft is a risk, attacks such as this demonstrate a more serious problem, that is, if an attacker can get in to steal data, what stops then getting in to delete data?

Black Basta is a significant threat actor, and quite a profitable one since it first was first since back in early 2022. Accumulating a reported $100 million in bitcoin since 2022.

While researchers recently identified a weakness in the encryption algorithm used by Black Basta. A bug that was fixed by the hacking group, and highlighting the flexibility by which hackers can pivot their attacks and the challenges those companies that are attacked face.

Ted Dziekanowski Brian D. McCarthy

Veritas GRC

#cybersecurity #cyberriskmanagement #cyberattack

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