Exploit: Phishing scam
GoDaddy: Internet domain registrar
Risk to Small Business: 2.313 = Severe
A spear phishing attack tricked a customer service employee into providing information that ultimately allowed hackers to view and modify customer records. As a result, several GoDaddy clients, including Escrow.com, which provides escrow services for several prominent websites, were impacted. The breach will have costly implications for both GoDaddy and its customers, who will have to decide if they want to continue partnering with a company that puts their sensitive data at risk.
Individual Risk: At this time, no personal information was compromised in the breach.
Customers Impacted: Unknown
How it Could Affect Your Customers’ Business: Today’s online ecosystem is vast and interconnected. This incident is a reminder that failures at other companies can have significant implications for your own, which increases the importance of securing accounts to buttress your IT infrastructure against potential failure at third-party contractors. With simple cybersecurity features, like two-factor authentication, company accounts remain secure even when credentials or login information is exposed.