CYBER Insights » THREAT INTEL: DATA BREACH – AT&T Paid a Hacker $370,000 to Delete Stolen Phone Records.

THREAT INTEL: DATA BREACH – AT&T Paid a Hacker $370,000 to Delete Stolen Phone Records.

1733
Image Credit: Jcomp/Freepik

Gibraltar: Tuesday 16 July 2024 at 11:50 CET
Helping keep European SMEs CYBERSafe!

THREAT INTEL: AT&T Paid a Hacker $370,000 to Delete Stolen Phone Records. 

By Andy Jenkinson – Guest Contributor |  Group CEO Cybersec Innovation Partners
via CYBERInsights
First for SME Cybersecurity News
Google Indexed on 160724 at 15:00 CET

#CyberInsights #SMECybersecurityNews #Cybersecurity #WhitethornShield #InternetSecurity #DNS #PKI

AT&T Paid a Hacker $370,000 to Delete Stolen Phone Records. The cost of the incident will be a multiple of over 100 times that cost.

Worst Nightmare:
The hacker, who is part of the notorious ShinyHunters hacking group that has stolen data from a number of victims through unsecured Snowflake cloud storage accounts, told WIRED that AT&T paid the ransom in May. He provided the address for the cryptocurrency wallet that sent the currency to him, as well as the address that received it.

Whilst potentially tens of millions of users of AT&T, and Snowflake data has been exfiltrated, both organizations remain unbelievably completely exposed to further intrusion, exfiltration, and cybercrime.

Some 150 other organizations have potentially been exploited via Snowflake. Interestingly Sridhar Ramaswamy ignored our information sharing on the 8 June 2024 as well as several other Snowflake members of the Executive team.

What is being overlooked is the fact AT&T work closely, very closely with the U.S. Government and Federal Agencies. That fact alone is truly frightening. The fact cyberattacks, via Insecure Internet Assets and Servers enable, with literally zero viscosity, access up and down the entire supply chain is truly concerning.

AJ_160724

ZERO Security let alone Zero Trust.

U.S. Securities and Exchange Commission reporting is a tad like shooting an assassin after he has been allowed to take his shot. Immaterial of any fines, costs, and losses, neither AT&T nor Snowflake will see any direct financial impact. That burden twill be passed onto the consumer, ie us.

Organizations are making this all too frighteningly easy despite daily attacks and are seemingly happy to maintain sub optimal and Insecure positions.

It is hard to think they care-at all as their actions clearly demonstrate that they DO NOT.

Cybersec Innovation Partners
FBI Cyber Division
Federal Bureau of Investigation (FBI)
Central Intelligence Agency
National Security Agency
The White House
Information Commissioner’s Office
U.S. Department of State
U.S. Department of Homeland Security
The Washington Post
The New York Times
CNN
ABC News
BBC News
ITV News
CNBC
InternetSecurity
DNS PKI

 

About Andy Jenkinson

Group CEO CIP. Fellow Cyber Theory Institute. Director Fintech & Cyber Security Alliance (FITCA) working with Governments. Recognised Expert in Internet Asset & DNS Vulnerabilities.

Andy Jenkinson is a senior and seasoned innovative Executive with over 30 years’ experience as a hands-on lateral thinking CEO, coach, and leader. A ‘big deal’ business accelerator, and inspirational, lateral thinker, Andy has crafted, created, and been responsible for delivering 100’s £ millions of projects within the Cyber, Technical, Risk and Compliance markets for some of the world’s largest, leading organisations. Andy has a demonstrable track record of largescale technical delivery and management within many sectors including the Professional, Managed, and Financial Services.