Security & Fraud

Microsoft Products Targeted In Russian Hack, Report Says

Microsoft has been hacked as part of what officials say could be a Russian campaign that hit multiple U.S. government agencies, Reuters reports.

The attack happened, according to experts, when the culprits took advantage of software from SolarWinds Corp., sources told Reuters. On Sunday (Dec. 13), it was reported that SolarWinds' Orion Platform software was involved in “active exploitation.”

As had already happened with SolarWinds' networking management software, Microsoft products were then used to foist scams on others, Reuters writes.

Sources couldn't say exactly how many people had been affected by the attacks, and the Department of Homeland Security (DHS) is continuing to investigate. The DHS said on Thursday (Dec. 17) that the hackers used numerous points of entry.

Cyberattacks have become more and more common, particularly during the pandemic, as everyone has tried to shift to digital ways of doing things. They come as more attacks have also occurred attempting to scam people out of money or personal information for similar pandemic-related reasons.

The recent reports of widespread attacks on government systems, PYMNTS writes, have caused concerns about how the institutions are doing at protecting vital data — and that if the U.S. Treasury and Commerce departments are having a hard time, smaller institutions will, too.

SolarWinds — which works with 85 percent of Fortune 500 companies and also works with all five branches of the U.S. military, along with the Justice Department, National Security Agency and the White House — said it was aware of the attacks and had told clients to update their security software as soon as they could.

In addition to this latest attack, another also recently happened involving the California cybersecurity firm Fire Eye, less than a week ago. The company released an advisory in response saying that a “highly evasive attack” had happened and it was part of a global campaign.

——————————

WATCH LIVE: MONDAY, JANUARY 18, 2021 AT 12:00 PM (EST)

About: From the online betting sector where one’s physical location at the time of wager is a matter of state law, to banks complying with stringent international Know Your Customer (KYC) regulations, geolocation services are proving a powerful weapon against fraudsters. Curiously, however, new PYMNTS research shows that consumers are more willing to share location data with food-ordering apps than with their own bank’s mobile app. Be part of the discussion as PYMNTS CEO Karen Webster and experts from the geo-data sector talk about the revolution in geolocation data usage, and why banks must take part.

TRENDING RIGHT NOW