News and Updates on Information Technology

Cybercrime gang REvil struck Spain’s fourth-largest telecom

Exploit: Ransomware

MasMovil: Telecommunications

cybersecurity news represented by agauge showing severe risk

Risk to Business: 1.801 = Severe

Cybercrime gang REvil struck Spain’s fourth-largest telecom over the 4th of July weekend. The group claims to have “downloaded databases and other important data” belonging to the telecom giant, sharing screenshots apparently of the stolen MasMovil data that shows folders named Backup, RESELLERS, PARLEM and OCU.

Individual Impact: There has not yet been confirmed that consumer personal or financial information has been compromised in this incident but the investigation is ongoing.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business: If client data was impacted, GDPR carries stiff penalties for customer data loss and those continue to climb.

Source: Hack Read