The US division of multinational outsourcing company Serco Group, Serco, recently confirmed that it was wrapped up in the huge MOVEit cyber hack.
The attack took place earlier in 2023 and used a zero-day vulnerability that allowed cyber hackers to inject commands and access the databases of MOVEit customers. As a result, numerous companies like Aon, British Airways and Siemens Energy saw their data being breached.
Serco became aware of its own breach at the end of June 2023 and found that the attackers stole the personal information of more than 10,000 individuals from a third-party vendor’s MOVEit server.
Increased cyber attack sophistication: The importance of safe data
Serco is currently collaborating with CBIZ to investigate the breach and assess the full extent of the incident. They are focusing on ensuring that the third-party vendor has now implemented the appropriate security measures to prevent future cyber incidents.
According to CBIZ, a cybersecurity firm is also conducting its own investigation.
Some of Serco’s clients include US federal agencies, including the Departments of Homeland Security, Justice and State, as well as US Intelligence Agencies and multiple US Armed Forces branches.
The company employs over 50,000 people across 35 countries and anticipated a revenue of £2.5bn (US$3.18bn) during the first half of 2023.
Cl0p, a ransomware group that has been linked to Russia, claimed responsibility for the MOVEit hack once it was first publicised. It had been working to exploit a security flaw in MOVEit Transfer, a tool used by businesses to transfer files.
The US Cybersecurity and Infrastructure Security Agency (CISA) said last month that multiple US federal agencies were also being targeted, further confirming that this is a huge cyberattack on global data.
There have been plenty of large-scale cyber attacks that have targeted big companies that work with government agencies. Microsoft released information earlier in 2023 to suggest that a group of hackers gained access to email accounts affecting approximately 25 organisations, including government agencies.
It speaks to the huge importance of organisations ensuring safe and secure cybersecurity measures moving forward, as well as ensuring that its workforce are adequately trained to handle such an attack. Otherwise, business operations could be irreversibly impacted.
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