News and Updates on Information Technology

United States – Wishbone

Exploit: Unauthorized database access
Wishbone: Poll & Comparison App

Risk to Small Business: 1.562 = Severe

A company database was stolen by hackers, who then released the data in full on the Dark Web. The information was captured as part of a cybersecurity incident that occurred in January 2020, and it’s unclear why it took Wishbone more than five months to identify the incident. This is the second cybersecurity incident for the perennially popular company. Now, consumers are much less forgiving. In addition, today’s regulatory environment is significantly more critical of companies’ cybersecurity stance, which could contribute to a multifaceted problem for the platform moving forward.

Individual Risk: 1.670 = Severe 

Users’ personal data was exposed in the breach. This includes usernames, email addresses, phone numbers, hashed passwords, and profile pictures. This information is easily obtained on the Dark Web, and everyone impacted should immediately update their account passwords and take steps to secure their personal details. Since this information can quickly be redeployed in a spear phishing campaign, victims need to be especially vigilant about monitoring the veracity of incoming messages.

Customers Impacted: 40,000,000

How it Could Affect Your Customers’ Business: Consumers and data privacy regulators are increasingly critical of companies that fail to protect customer data. Moving forward, it’s evident that data security will be a bottom-line issue for many companies, as they will rely on their defensive capabilities to bolster consumer sentiment and to ward off regulators, both of whom are ready to hold businesses accountable for privacy violations.

Source:
https://www.zdnet.com/article/hacker-selling-40-million-user-records-from-popular-wishbone-app/?&web_view=true