Why Security is Important...
The dual aspects of security:
1. Protecting the computer system (hardware, software, networks).
2. Safeguarding the data stored, processed, and transmitted.
MGM Resorts and Caesars Entertainment Ransomware Attacks (2023): MGM Resorts suffered a ransomware attack that disrupted their IT systems, including ATMs, slot machines, and reservations. The attack resulted in significant operational downtime and financial losses. Caesars Entertainment reportedly paid a ransom to prevent stolen customer data from being leaked.
MOVEit File Transfer Vulnerability (2023): A vulnerability in the MOVEit file transfer tool was exploited by hackers, impacting over 2,600 organizations and exposing the data of nearly 84 million individuals.
PayPal Credential Stuffing Attack (2022-2023): Attackers used leaked username-password pairs to access 34,942 PayPal accounts, stealing sensitive information like social security numbers and tax identification details.