Subj : Top instant money provider service hacked, over a million users p
To   : All
From : TechnologyDaily
Date : Tue Nov 28 2023 19:15:05

Top instant money provider service hacked, over a million users possibly 
affected

Date:
Tue, 28 Nov 2023 19:00:26 +0000

Description:
Ingo Money confirmed the breach as Inc Ransom adds the company to its data 
leak site.

FULL STORY
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The popular payment provider Ingo Money suffered a ransomware attack last 
week, but the consequences of the incident are yet unknown. 

 Cybernews claims that the company ended up on the data leak site belonging 
to Inc Ransom. Ingo Money is a company that provides payment services to both 
customers and businesses, and has more than a million downloads on the Google 
Play Store, alone. 

It's staying silent on the matter and not responding to media inquiries, so 
additional information is thin on the ground, but we're hoping the company 
will come out soon to explain exactly how the incident happened, what type of 
data the attackers accessed, and how much theyre asking for in ransom. Data 
in focus 

Ingo Money, established in 2001,boasts ties with Goldman Sachs, Paypal, 
Geico, American Express, and other financial behemoths. 

Inc Ransomware, on the other hand, is a relatively new entrant in the 
ransomware gang game but has quickly made a name for itself, reporting 
successful breaches of more than 35 organizations in the past 12 months 
alone. 

Some of its victims include Yamaha Motor Philippines, a subsidiary of the 
Japanese powerhouse manufacturer. Roughly a week ago, the company reported 
that in late October, a threat actor compromised one of its servers and stole 
some sensitive data. In the meantime, Inc Ransom added Yamaha Motor 
Philippines to its data leak site, claiming to have taken 37GB of data. Some 
of the data, the media said at the time, included employee ID information, 
backup files, as well as corporate and sales information. 

Todays ransomware operators focus more on data exfiltration and less on 
endpoint and system encryption. While encrypting all files is highly 
disruptive and prevents the victim from functioning normally, stealing data 
is potentially more devastating as leaks might lead to regulatory fines, 
class-action lawsuits, loss of business, and more. More from TechRadar Pro 
Yamaha confirms ransomware attack on key factory Here's a list of the best 
firewalls today These are the best endpoint protection services at the moment



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Link to news story:
https://www.techradar.com/pro/security/top-instant-money-provider-service-hack
ed-over-a-million-users-possibly-affected


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