CySecurity News – Latest Information Security and Hacking Incidents
Last week Chipmaker company Nvidia witnessed a cyberattack that breached its network. The company has confirmed that the intruders got access to proprietary information data and employee login data.
As the breach came to light last week, the organization attributed the security breach to a threat group called “Lapsus$”.
“We are aware that the threat actor took employee credentials and some Nvidia proprietary information from our systems and has begun leaking it online,” the company said in a statement.
However, as of now, Nvidia didn’t produce any specific details of the stolen data. Meanwhile, LAPSUS$, the alleged culprit, has claimed that it has looted 1TB of data, including files related to the hardware and software belonging to the organization. Following the incident, Lapsus$ started demanding ransom in cryptocurrency in order to prevent the data from being published online. However, Nvidia has not confirmed its stance or response to the demands made by the hackers.
The primary purpose of a ransomware attack is to encrypt the victim’s credentials and threaten to permanently delete it unless a ransom is paid, often in Bitcoin due to the relative anonymity that cryptocurrency provides. Additionally, the threat groups use Ransomware attacks to steal the victim’s data and then threaten to release sensitive details in public unless certain demands are met. Either way, it amounts to extortion.
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