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Cisco Falls Prey To Cyber Breach Linked To Lapsus$: Report

·1 min read
  • Cisco Systems, Inc (NASDAQ: CSCOdisclosed becoming aware of being a cyberattack victim on May 24.

  • A hacker repeatedly attempted to access Cisco’s corporate network.

  • Cisco acknowledged that the hacker aimed to encrypt files, Bloomberg reports.

  • Also Read: Hackers Against Okta, Microsoft, NVIDIA Traced To England, Brazil: Bloomberg

  • Cisco became aware after the hacker leaked a list of the files it had stolen on the dark web.

  • An investigation determined that the hacker broke into Cisco’s network by cracking into an employee’s personal Google account, which synchronized their saved passwords across the web.

  • Cisco had “not identified any evidence suggesting that the attacker gained access to critical internal systems.

  • Investigators believe an adversary conducted the attack previously identified for several notorious cybercrime groups UNC2447, Lapsus$, and Yanluowang ransomware operators.

  • UNC2447 targeted organizations with ransomware in Europe and North America as per Mandiant cybersecurity firm.

  • Yanluowang, a ransomware variant, has targeted U.S. corporations since August 2021, according to Symantec.

  • The Lapsus$ group was allegedly behind attacks against technology companies, including Okta Inc (NASDAQ: OKTA), Microsoft Corp (NASDAQ: MSFT), and Nvidia Corp (NASDAQ: NVDA).

  • Price Action: CSCO shares closed higher by 2.45% at $46.02 on Wednesday.

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