News and Updates on Information Technology

United Kingdom – Travelex

Exploit: Malware attack
Travelex: Foreign currency exchange

Risk to Small Business: 2 = Severe: Travelex rang in the new year with an old cyberattack methodology, enduring a malware attack on December 31st. The company brought its systems offline to protect data and prevent its spread. Many UK customers experienced a “server error” when trying to access the website, and many companies that rely on Travelex services were similarly disrupted because of the outage. The incident could carry heavy opportunity costs for the company, since it’s unclear how long the malware will disable their platform.

Individual Risk: At this time, no personal information was compromised in the breach. However, Travelex customers should stay abreast of the latest developments to ensure that they are ready to respond if personal data is compromised.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business:Malware attacks can significantly disrupt a business, but hackers rely on readily-available access points to plant the malicious software. Many use login credentials or other access points that are frequently bought and sold on the Dark Web or hacker forums. By remaining vigilant about securing employee credentials, companies can cut off a frequent access point for hackers.

Risk Levels:
1 – 1.5 = Extreme Risk
1.51 – 2.49 = Severe Risk
2.5 – 3 = Moderate Risk
*The risk score is calculated using a formula that considers a wide range of factors related to the assessed breach.