Can I have a new password, please? The $400M question.

Source: BleepingComputer

The recent breach of Clorox serves as a stark reminder of the vulnerabilities inherent in organizational security protocols. Scattered Spider, the group behind the attack, did not rely on sophisticated hacking techniques like zero-day exploits. Instead, they engaged in social engineering, where they phoned the help desk and persuaded agents to reset passwords and multifactor authentication without proper identity verification. This breach led to an estimated $380 million in damages, highlighting the financial risks associated with lax security measures.

Organizations must understand the importance of robust caller verification processes and maintaining comprehensive audit trails. Without these safeguards, companies remain susceptible to similar attacks that can lead to significant reputational harm and financial loss. Furthermore, the implications of such breaches extend beyond immediate financial repercussions; they can erode customer trust and lead to increased scrutiny from regulatory bodies, emphasizing the need for organizations to strengthen their security foundations.

👉 Pročitaj original: BleepingComputer