800,000+ credentials compromised in data breach - Netwrix comments

General News

Summary

Ilia Sotnikov, VP of Product Management at Netwrix has made the following comments: “We are so used to ransomware attacks or other incidents committed for political or financial gain, that a data breach at Chowbus is very unusual. By undermining trust in company’s ability to protect customer data, hackers may encourage victims to turn to competitors. “As the darknet offers more and more crime-as-a-service options, and more companies rely on customer data as their core asset, I expect that similar breaches will be more common in the near future. Being focused on protection against ransomware, many organisations turn a blind eye on their own employees, who have legitimate access to sensitive data and one day might abuse their privileges, voluntary or involuntary. Organisations need to be aware of who has access to sensitive data and where it resides, as well as monitor user behaviour to spot malicious activity on time.”

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HealthTech
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Cybersecurity Software SaaS Identity and Access Management

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Netwrix
$100M to $250M