5 Notable Data Breaches Of 2022

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Security Blogs | 5 min read


(Alt text: 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.


(Image caption: Notable victims of data breach in 2022)

(Alt text: Companies that suffered major data breaches 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. Our innovative security solution, Bugsmirror Defender offers comprehensive protection by preventing and detecting over 45 types of security threats in real-time. 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!


- Vivek Tanwani

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