News and Updates on Information Technology

United States – Quidd

Exploit: Unauthorized database access
Quidd: Digital collectibles app

Risk to Small Business: 2.137 = Severe 

Bad actors infiltrated a Quidd database and shared its contents online, exposing users’ account credentials. The database was circulating on private forums for months, but the platform didn’t identify the breach until it appeared on a public board this week. The passwords were encrypted, but hackers have already cracked more than 135,000 passwords. Quidd’s slow response was further exacerbated by delayed notification procedures, as victims still haven’t been notified of the incident. 

Individual Risk: 2.795 = Moderate 

The data breach compromised usernames and passwords. All platform members should immediately update their credentials while assessing the integrity of other online accounts. Quidd users should continue evaluating their accounts for unusual or suspicious activity. 

Customers Impacted: 4,000,000

How it Could Affect Your Customers’ Business:Rapidly identifying and responding to potential data breaches is a critical component of any defensive posture. In this case, the company could have acted much sooner if the Dark Web was being monitored for their information. Being able to identify the sale or transfer of company data enables businesses to respond before an incident escalates.