Cybersecurity Lessons Learned From ‘Panama Papers’ Breach

In the weeks since the revelation of the Panama Papers, the world of the rich and powerful has been reeling. A single cyberattack against Mossack Fonseca, a quiet Panamanian law firm, has sent a tsunami around the world, toppling one world leader so far, with more turbulence to come.

The attacker absconded with a vast trove of information, consisting of millions of documents, emails, and other information – so much information, in fact, that journalists and other investigators have been poring through it for over a year.

panamaStill a mystery: the identity or identities of the attackers. Perhaps an insider with access to secret passwords? Or maybe a skilled attacker, well-versed in the intricacies of cyberespionage?

In all probability, neither profile is accurate, because the Mossack Fonseca attack was dead simple. So simple, in fact, that a teenager with no hacking knowledge other than basic googling skills could have done it.

Furthermore, the security mistakes Mossack Fonseca made were appallingly common. So common, in fact, that it’s fair to say most of the readers of this article work for organizations that are making at least one of the same mistakes.

Do you think the same thing that happened to Mossack Fonseca and its clients can’t happen quite so easily to your organization? Here’s your wakeup call: it already has. You probably just don’t know it yet.

What are you going to do about it?

The Mossack Fonseca Attack: Dead Simple

The attacker’s point of entry: older versions of popular open source web server software Drupal and WordPress. In the case of WordPress, a particular plugin was the likely culprit. “We think it is likely that an attacker gained access to the MF [Mossack Fonseca] WordPress website via a well-known Revolution Slider vulnerability,” according to Mark Maunder, Wordfence Founder and CEO. “This vulnerability is trivially easy to exploit.”

Read the entire article at http://www.forbes.com/sites/jasonbloomberg/2016/04/21/cybersecurity-lessons-learned-from-panama-papers-breach/.

Intellyx advises companies on their digital transformation initiatives and helps vendors communicate their agility stories. As of the time of writing, Certes Networks is an Intellyx customer. None of the other organizations mentioned in this article are Intellyx customers. Image credit: LWYang.

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