5 Notable Data Breaches Of 2022

-

Security Blogs | 5 min read


5 Notable Data Breaches of 2022


Application breaches can have devastating effects on businesses and individuals alike. They can result in the loss of sensitive data, financial loss, and damage to a company's reputation. While data security has considerably increased, data breaches still occur. As per a report by Business Insider India, several significant data breaches affecting many companies and millions of individuals took place in 2022. A few hacks have also affected critical enterprise data in addition to customer data. Therefore, it is crucial to stay informed about the latest security threats and take appropriate measures to protect your applications and systems. We examine 5 of the biggest data breaches of 2022 in this piece.


Table of contents

  • Red Cross

  • Crypto.com

  • Uber

  • Dropbox

  • WhatsApp

  • Consequences of Data Breaches

  • Conclusion

Red Cross

Malicious actors were able to access crucial files from the International Committee of the Red Cross (ICRC) in one of the first data breaches of 2022. According to various reports, the attackers were able to obtain information on more than 515,000 "highly vulnerable" individuals. The database, according to sources, mostly contained data on persons who had been split from their families because of war, migration, and calamity. The compromised data contained names, addresses, and phone numbers of individuals.

Crypto.com

A group of cyberpunks targeted roughly 500 people’s cryptocurrency wallets, on January 17, 2022. As per a report shared by ERMProtect, hackers stole cryptocurrency worth about $18 million in Bitcoin, $15 million in Ethereum, and other cryptocurrencies. This was made feasible in large part by the hackers' capacity to bypass two-factor authentication and gain access to users' wallets.

When the attack first occurred, Crypto.com dismissed it as an "incident," but later removed that statement and acknowledged that money had actually been taken and that the victims had been reimbursed. The business also audited its systems and strengthened its security posture.

Uber

A hacker allegedly targeted Uber on September 15, 2022. As a result of a contractor's computer being infected with malware and their login credentials being sold on the dark web, Uber's internal servers were accessed. The hacker gained access to more employee accounts, granting them permission to use many corporate tools. The hacker then published a message to a public Slack channel for the business and changed Uber's Open DNS settings so that some internal websites showed a graphic picture to employees.

Dropbox

On October 14, 2022, Dropbox discovered that 130 code repositories had been stolen during a compromise of one of its GitHub accounts by threat actors.

The intrusion happened as a result of phishing attacks on numerous Dropbox employees using emails posing as coming from the CircleCI continuous integration and delivery platform. They provided their GitHub login and password after being sent to a phishing landing page. Employees were also asked to use hardware authentication keys to pass One Time Password (OTP). Attackers stole the credentials and gained access to repositories.

The repositories contained details of Dropbox employees like their names and email addresses, details of customers, sales leads, and API keys used by Dropbox developers.

WhatsApp

A hacker made an astonishing declaration on the dark web on November 16, 2022. He was going to sell the private data of 500 million WhatsApp users in 84 different countries. The hacker claimed that the data was recently collected and contained information of 32 million US users, 11 million UK users, and 6 million German users.

CyberNews, which claimed to have "investigated" a sample of the dataset made available by the hacker, broke the news of the breach first. The website was able to confirm that 1,914 phone numbers provided by the malicious party actually belonged to users of WhatsApp, indicating that the hacker's claims were "likely...to be true." The incident caused worry among the messaging app's users worldwide.


Companies that suffered major data breaches in 2022

Notable victims of data breach in 2022

Consequences of Data Breaches

Organizations that experience data breaches may suffer serious repercussions, such as:

  • Financial Losses: Data breaches can result in expensive financial losses for companies. The costs of forensic investigations, legal fees, and regulatory fines might run into the millions of dollars for businesses.

  • Customer Loss: A company may lose customers due to data breaches. Customers may lose trust in the company and decide to do business elsewhere if their personal and sensitive information is compromised by any company.

  • Reputational Damage: A data breach may harm a company's reputation. It can become challenging for the company to win back the trust of people, including clients, investors, and staff.

  • Legal Liabilities: Organizations may face legal repercussions because of data breaches. Customers may file lawsuits against businesses in some circumstances for breach-related losses like identity theft or erroneous billing.

  • Loss of Intellectual Property: Data breaches may lead to loss of company IPs such as trade secrets, patents, and copyrights. The competitiveness and innovation capacity of the company may be significantly impacted by this.

Conclusion

Businesses may suffer a great deal as a result of data breaches. Hence, companies must be proactive in protecting their data and making sure they follow all relevant data protection laws and regulations. This will help in making the digital world safer.

Every business application needs the best possible security from threats on the internet. We provide the best security with MASST (Mobile Application Security Suite & Tools):

  • Threat Detection: Stay ahead of attackers with CodeLock for static code analysis, RunLock Lite for quick and free attack simulations, RunLock Pro for in-depth runtime testing across 45+ attack vectors, and ThreatLock for expert-level Red Teaming evaluations.
  • Threat Mitigation: Protect your app in real time with Bugsmirror Defender, prevent reverse engineering with Bugsmirror Shield, and keep sensitive app data secure with Bugsmirror Guard.
  • Threat Visibility: Leverage the ThreatLens Dashboard for real-time analytics, instant threat detection, and seamless Security Information and Event Management (SIEM) integration to gain complete security insights.

Bugsmirror's Free Runtime Security Audit helps to analyze how secure mobile apps are against Runtime Security threats. To protect your apps from Runtime Security threats in the best possible way, start with a 7-day free trial of Bugsmirror Defender.


Individuals can protect themselves from security threats with SecureOne by Bugsmirror, that safeguards your mobile phone against spyware, device theft, and many more threats.


Don't sleep on security; rely on Bugsmirror to protect your data and your online existence. Join our expanding network of happy customers who have already experienced the satisfaction that comes with top-notch security by taking action right away. Start to defend your business application right now!


- Aakrati Jain

Comments

Post a Comment

Popular posts from this blog

Security Best Practices for Secure Fintech App Development

-
Image
Security Blogs | 5 min read In one of our previous blog posts “ Security Best Practices for Developing Secure Mobile Apps ”, we talked about why developing secure mobile apps is a must and listed out various security best practices for developing all types of mobile apps. You can read that blog to understand the major aspects of secure mobile app development. In this blog, we will specifically discuss security best practices that need to be followed for developing secure Fintech Apps. Table of contents Fintech App Security - Challenges and Necessity Security Best Practices for Developing Fintech Apps Cutting-edge Security Solutions for Fintech App Development Companies Fintech App Security - Challenges and Necessity The major challenges of Fintech App Security are: 1. Stored data at risk Fintech apps store very sensitive personal information, such as bank account details and investment details. If the storage processes or spaces are not secure and have vulnerabilities, then there are ...
Continue reading »

Bugsmirror Defender - Pioneering the Future of Mobile App Security

-
Image
Bugsmirror Defender | 4 min read Mobile app security has evolved over the years and is becoming more internal than external. Well, to understand the previous sentence, you need to understand in-app protection techniques such as Runtime Application Self-Protection (RASP), tamper detection, etc., that are a set of security measures embedded directly into the mobile applications to protect them from the inside. It’s a much superior way to protect mobile apps than the old-school app protection solutions. The market abounds with various products designed to safeguard apps from within, and we are thrilled to introduce Bugsmirror Defender - our revolutionary mobile app security product, addressing the growing demand for heightened mobile app security. Let’s start exploring Bugsmirror Defender. Table of contents Traditional security fails: Bugsmirror Defender prevails Strengthening Mobile Security: Bugsmirror Defender's Features in Focus Traditional security fails: Bugsmirror Defender p...
Continue reading »

Bugsmirror Defender's Security Breakthrough: Redefining Protection

-
Image
Bugsmirror Defender | 9 min read In our inaugural blog post “ Bugsmirror Defender - Pioneering the Future of Mobile App Security ”,  we introduced our amazing security product, ‘Bugsmirror Defender’, offering a glimpse into its robust security features designed to transform the mobile application security landsca pe. In this blog post, we will learn about the driving force behind Bugsmirror Defender's creation , the journey of Bugsmirror Defender from concept to reality, and the intricate workings that set it apart. To keep things easy in this blog, we will alternatively use “Defender” instead of “Bugsmirror Defender”. Let's unco ver the innovation and dedication behind Bugsmirror Defender's development, and discover how it is poised to redefine the standards of mobile app security. Table of contents The limitations of current RASP-based mobile app security solutions Bugsmirror Defender’s development: From idea to implementation How Bugsmirror Defender works and sets new st...
Continue reading »

Security Best Practices in Healthtech App Development

-
Image
Security Blogs | 5 min read In today's digital age, technology in the form of healthtech applications plays a crucial role in the healthcare industry. They streamline processes, improve patient care, and enhance the overall healthcare experience. Companies and people are using technology to easily access, share, and process health data across the world. However, the sensitive nature of health data and the increasing number of security threats make it imperative for developers to prioritize security. In this blog post, we will explore essential security best practices in healthtech app development. Table of contents Why should Healthtech Apps be secure? Security Best Practices for Healthtech Apps We are ready to secure your Healthtech Apps! Why should Healthtech Apps be secure? Healthtech apps have transformed healthcare, offering incredible convenience and efficiency . However, with this innovation come unique challenges. First and foremost, the vast amount of sensitive patient dat...
Continue reading »

How do Mobile App Security Threats Impact Businesses?

-
Image
Security Blogs | 4 min read In today’s digital-first world, companies across various sectors rely heavily on mobile applications to deliver seamless, on-demand services to customers. But the security risks associated with mobile apps make it a vulnerable option, especially in industries where sensitive information is involved. Security threats can have devastating consequences for businesses — from financial losses and legal repercussions to a damaged reputation and loss of customer trust. Table of contents The Far-Reaching Consequences of Security Threats Industry Specific Impacts Actionable Steps for Mobile App Protection The Far-Reaching Consequences of Security Threats Security threats can impact businesses in several profound ways. 1. Financial Losses: Economic losses are among the most immediate impacts of mobile app security threats. Businesses face financial damage in multiple ways, from the theft of proprietary information to unauthorized financial transactions. For instance, ...
Continue reading »

Bugsmirror's Vegas Chronicles: Black Hat and Google BugSWAT

-
Image
Life at Bugsmirror | 5 min read This year,  Black Hat USA , a premier cybersecurity conference held annually, took place in Las Vegas. It’s a gathering of security professionals, researchers, and hackers from around the world. And of course, Bugsmirror was there. Simply because (our avid readers know it already), we are where innovation is. It was the perfect opportunity to participate in live events, network with other hunters, learn from experts, and promote our brainchild,  Bugsmirror . So without much hesitation, but with lots of planning, we decided to embark on this little trip to the bustling city of Las Vegas. Starting our journey with shubh dahi shakkar, with heavy bags and heavier hopes for the event we reached the Indira Gandhi International Airport, Delhi just in time for our flight. But our brimming smiles soon faded off when our flight got delayed, and we had to clear multiple security checks, each one more rigorous than the previous. We were pushed through these...
Continue reading »