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Hacks, Attacks and Breaches: 2/17/2021 to 2/23/2021

Suzanne Gassman

Here’s the latest installment of the Hacks, Attacks and Breaches cybersecurity news update.

The Logically team provides top cyber security stories every week to keep you up to date on the latest news headlines on cybersecurity, hacking, computer security, ransomware and other cybersecurity threats.

United States – Automatic Fund Transfer Services

Exploit: Ransomware
Automatic Funds Transfer Services (AFTS): Payment Processor 

Risk to Small Business: Cuba ransomware is the culprit of an attack at AFTS, a payment processor that serves state government clients including the states of California and Washington. This cyberattack has caused major disruption to AFTS operations, making their website unavailable and impacting payment processing. The gang claims to have stolen financial documents, correspondence with bank employees, account movements, balance sheets, and tax documents.

How it Could Affect Your Business: Ransomware at your third-party business services partner’s business is also your problem. It pays to make sure that your company’s credentials haven’t been exposed.

United States – Kia Motors America

Exploit: Ransomware
Kia Motors America: Ransomware

Risk to Small Business: Kia Motors America has experienced a suspected ransomware attack that has had a severe impact on its entire US operation. crippling some functions and impacting others for dealers and consumers. Sevices impacted include mobile UVO Link apps, phone services, payment systems, owner’s portal, and internal sites used by dealerships.

How it Could Affect Your Business: Ransomware can come calling at any time at any business with a devastating impact on operations, customer service, productivity, and profit.

United States – Sequoia Capital

Exploit:  Phishing
Sequoia Capital: Venture Capital Firm

Risk to Small Business: Sequoia Capital, a major venture capital firm, announced this week that it has experienced a phishing-related cyberattack. The firm invests in companies like Airbnb, DoorDash, Robinhood and cybersecurity firms like FireEye and Carbon Black. Sequoia’s investors include university endowments, tech executives and charitable foundations.

How it Could Affect Your Business: More than 65 percent of cybercrime is phishing based. Training employees to spot and stop phishing is essential to avoid becoming one of those 65 percent of hacked companies.

United States – Underwriters Laboratories

Exploit: Ransomware
Underwriters Laboratories: Safety Regulator 

Risk to Small Business: Underwriters Laboratories, the oldest and largest device safety certifier in the world, should have checked the safety of their email systems a little more closely. They’ve experienced a ransomware attack that has encrypted its servers and caused them to shut down systems while they recover.

How it Could Affect Your Business: Ransomware is a huge hit to every company’s performance and budget – and it’s preventable through security awareness training.