While blockchain-based financial services promise greater decentralization and integrity, the security of such services is still not battle-tested in many cases. In one recent incident, the decentralized finance protocol Pickle Finance found itself in quite a pickle recently when it was hacked and drained off of around $20 million in DAI tokens from its wallet. A cybercriminal leaked exploits for over 49,000 vulnerable Fortinet VPNs affecting thousands of organizations from around the world. On that note, continue reading the top ten highlights in the cybersecurity space from the weekend.
01
Pickle Finance was defrauded of $19.7 million in DAI tokens after cyber adversaries compromised its smart contract called DAI PickleJar using fake swaps.
02
A threat actor reportedly published a list of exploits to steal credentials from over 49,000 vulnerable Fortinet VPNs, putting thousands of organizations at risk.
03
A ransomware attack at the South Korean fashion retailed E-Land led to the shut down of half of the company’s corporate network.
04
The IT systems at football club Manchester United were hit by a major cyberattack. The club stated that, currently, it has no information on the breach of personal data of its fans or customers.
05
Cybercriminals targeted female British athletes and leaked their intimate photos and videos—saved on Apple iCloud—online. Hundreds of female sports stars and celebrities were affected in the attack.
06
A Turkish hacker took over and defaced the Vote Joe site set up for the Biden-Harris Presidential campaign. A hacker dubbed RootAyyildiz has claimed responsibility for the attack.
07
The FBI issued a flash alert to private industry partners about the surge in the activity of Ragnar Locker ransomware.
08
Telefónica made a strategic investment in Smart Protection, a Spanish startup that protects brands against counterfeiting on the internet.
09
WISeKey, a semiconductor and identity security company, will be acquiring arago, an AI-driven German technology company to strengthen its position in the Artificial Intelligence of Things (AIoT) market.
10
FireEye, an intelligence-led security firm, acquired Respond Software, a cybersecurity investigation automation company, for an amount of $186 million.
