Company
Date Published
Author
Jennifer Marsh
Word count
1173
Language
English
Hacker News points
None

Summary

In 2022, numerous organizations, including Uber, Microsoft, the Los Angeles School District, and Cash App, experienced significant data breaches and fraud incidents due to various vulnerabilities. Uber faced a breach from social engineering and two-factor authentication bypass, while the cryptocurrency sector saw $1.4 billion lost to blockchain vulnerabilities. Microsoft suffered from social engineering, infrastructure misconfigurations, and application vulnerabilities, notably affected by the SolarWinds supply chain compromise. The Los Angeles School District was hit by ransomware, disrupting services for over 600,000 students. Cash App experienced an insider threat when a former employee downloaded millions of user records. These incidents highlight the evolving cybersecurity landscape, emphasizing the need for scalable strategies to counteract threats such as phishing, social engineering, and misconfigured infrastructures. Implementing measures like user education, penetration testing, and monitoring for suspicious activities are crucial for protecting data and preventing breaches.