Hundreds of Companies Using the MOVEit File Service Lose Confidential Data to a Ransomware Attack

  • By Steven
  • Published: Jun 12, 2023
  • Last Updated: Jun 12, 2023

 

MOVEit Data Breach

MOVEit, a massive global fire-sharing service provider, recently suffered a data breach that could impact 100's of corporations in the United States, Europe, and many other areas of the world. The file-transfer service provider is supposed to offer a secure transfer solution, and it appears that it may not be as secure as so many hoped. This breach is the result of a ransomware attack, and that attack could result in substantial losses for so many involved. If your company trusts the MOVEit file transfer solution, you should immediately start looking for things you can do to secure your information and patch the solution if you're going to continue using it. 

How Did the Attack Occur?

We don't have the specific dates associated with this attack, but we know that in May 2023 or earlier, the C10P ransomware gang infiltrated the MOVEit service and began capturing secure data from countless companies. As the gang built up useful and potentially damaging information in its database, the gang gained the power to extort the hundreds of companies that rely on the file transfer service. The gang put up a notice informing impacted companies they have until June 14, 2023, to pay a ransom to avoid having their secure data exposed online for all to see. 

The ransom amounts are likely to be in the hundreds of thousands of dollars or in the millions for some of the largest companies impacted. It's unclear if any of these businesses have paid the ransom demand. Major companies that we know have already been impacted include businesses like British Airways, Boots, Nova Scotia, BBC, and Zellis to name a few. Most of the impacted companies reported are located in Europe, but a large number of American-based companies depend on MOVEit as well, and we expect US companies to show up on the list of impacted companies too. 

What Information Was Viewed or Stolen?

There is no specific type of information stolen in this data breach. It's likely the gang is taking data about proprietary technology, patents, personal employee data, and much more. Anything useful will be taken by the ransomware gang. 

How Did MOVEit Admit to the Breach?

MOVEit's parent company Progress Software released a notice on May 31, 2023, informing its customers that its service suffered a serious data attack and released a patch to block the ransomware gang's access to the software. 

What Will Become of the Stolen Information?

The C10P ransomware gang is only interested in generating as much money as possible from any stolen information it takes. This data will be sold to whoever will buy it if the ransoms aren't paid. 

What Should Affected Parties Do in the Aftermath of the Breach?

If your company depends on the MOVEit file transfer service, you should install the service patch if you haven't already. Also, closely monitor your company data and consider investing in credit monitoring services for any of your employees and customers with personal data held in your company's file servers.

About the Author
IDStrong Logo

Related Articles

Instagram Vulnerability Allowed Hackers Access to Control Your Phone

Security experts Check Point Research discovered a critical vulnerability while examining Instagra ... Read More

Alien Malware Infects More than 226 Mobile Apps and Steals Bank Data

As reported on September 24, 2020, by ZDNet and ThreatPost, a new strain of malware named “A ... Read More

Universal Health Systems Hit by Ransomware Attack

Universal Health Systems (UHS), a Fortune 500 company owning more than 400 hospitals across the co ... Read More

Exchange Server Bug Exposes a Big Risk to Hackers

Months after Microsoft released a patch to fix a serious flaw in MS Exchange Server, more than 61% ... Read More

Clients’ Bank Data Exposed in Blackbaud Ransomware Attack

Blackbaud software was victim to a ransomware attack last May, and new information suggests that c ... Read More

Latest Articles

Google Voice Scams: What They Are and How to Stay Safe

Google Voice Scams: What They Are and How to Stay Safe

Google Voice scams continue to pose a risk for users of this service. Scammers continuously attempt to lure users into divulging their verification PIN code.

What Are Pretexting Attacks: Scam Types and Security Tips?

What Are Pretexting Attacks: Scam Types and Security Tips?

Have you ever received a text from someone you do not know? Did you become alarmed by the message? Did the message contain information about you and the people you know?

What is a Time-based One-time Password (TOTP)?

What is a Time-based One-time Password (TOTP)?

Authentication is the process that verifies the user's identity to control access to resources, prevent unauthorized users from gaining access to the system, and record user activities (to hold them accountable for their activities).

Featured Articles

How to Buy a House with Bad Credit

How to Buy a House with Bad Credit

Buying your own home is the American Dream, but it might seem out of reach to those with bad credit. However, the good news is, if your credit is less than perfect, you do still have options and in most cases, can still buy a home.

How Secure Is Your Password? Tips to Improve Your Password Security

How Secure Is Your Password? Tips to Improve Your Password Security

Any good IT article on computers and network security will address the importance of strong, secure passwords. However, the challenge of good passwords is that most people have a hard time remembering them, so they use simple or obvious ones that pose a security risk.

Top 10 Senior Scams and How to Prevent Them

Top 10 Senior Scams and How to Prevent Them

Senior scams are becoming a major epidemic for two reasons. First, seniors often have a lot of money in the bank from a life of working hard and saving.

Notice

By proceeding with this scan, you agree to let IDStrong run a Free Scan of supplied parameters of your personal information and provide free preliminary findings in compliance with our Terms of Use and Privacy Notice. You consent to us using your provided information to complete the Free Scan and compare it against our records and breach databases or sources to provide your Free preliminary findings report.

Rest assured: IDStrong will not share your information with third parties or store your information beyond what is required to perform your scan and share your results.

Free Identity Threat Scan
Instantly Check if Your Personal Information is Exposed
All fields below are required
Please enter first name
Please enter last name
Please enter a city
Please select a state
Please enter an age
Please enter an email address
Close