TrueFire online customers’ information compromised by hacker

TrueFire online customers’ information compromised by hacker

https://www.infosecurity-magazine.com/news/guitar-tuition-website-suffers/

Exploit: Malware attack
TrueFire:  Online music school

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Risk to Small Business: 1.555 = Severe: On January 10th, TrueFire identified unauthorized access to its database by a mysterious user who was active for more than six months. It’s unclear why the company waited until March to disclose the incident to its customers. The breach compromised users who made online purchases between August 3, 2019, and January 14, 2020. Although the company didn’t explicitly categorize the breach, payment skimming malware is likely responsible for the theft, which included users’ personal and financial data from their online purchases of classes and services.

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Individual Risk: 2.571 = Severe: The breach compromised customers’ personal and financial data, including names, addresses, payment card numbers, card expiration dates, and security codes. TrueFire is encouraging victims to monitor their financial statements for unusual activity, but they should do much more. Those impacted by the breach should immediately notify their financial institutions of the incident, and they should strongly consider enrolling in a credit and identity monitoring service to provide long-term oversight of this critical information.

Customers Impacted: Unknown
How it Could Affect Your Customers’ Business: Customers increasingly prefer shopping online rather than going to physical stores. Especially now, as the COVID-19 pandemic forces people to stay home, online stores are a vital lifeline for SMBs to continue generating revenue while people stay off the streets. Therefore, protecting the checkout process must be a top priority, as many customers will be gone for good if their personal or financial data is compromised through mishandled data on the merchant’s end when they make online purchases.

Risk Levels:
1 - 1.5 = Extreme Risk
1.51 - 2.49 = Severe Risk
2.5 - 3 = Moderate Risk

*The risk score is calculated using a formula that considers a wide range of factors related to the assessed breach.


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