July 2023: The Monthly Round-Up

The cybersecurity landscape has undergone a significant transformation, giving rise to a new breed of hackers with distinct objectives in 2023. While experts tirelessly adopt innovative technologies to strengthen their defenses against data breaches, a counterforce of hackers emerges motivated by fame, financial gain, and more!

This shift has proven perilous for numerous corporations, which have unfortunately fallen victim to severe data breaches.

During the first half of 2023, several hacker groups claimed responsibility for large-scale DDoS attacks, while others exploited various zero-day vulnerabilities, causing havoc in the business landscape.

FIS Global data breach

To stay updated with the latest developments in the cybersecurity space, The Cyber Express presents the comprehensive monthly roundup for July 2023. This report sheds light on the most influential cyberattacks, data breaches, vulnerability exploitation, and mass defacing sprees carried out by notable hacker groups. Stay aware! Stay cyber secure!

FIS Global, a prominent financial technology solutions provider, faced a cyber attack by the Cl0p ransomware gang due to the exploitation of the MOVEit vulnerability. The threat actor expressed dissatisfaction with the company’s inadequate security measures to protect customer data.

Although FIS acknowledged a cybersecurity issue related to the MOVEit Transfer product, they did not confirm the ransomware attack.

The incident was part of a series of targeted attacks on companies using MOVEit. The breach impacted a limited number of clients, and the company assured that affected clients would be informed.