Data Breach stories of Bank of America and Jaguar Land Rover

Ransomware Attack

Jaguar Land Rover Data Breach Exposes Sensitive Information

Jaguar Land Rover (JLR), one of the world’s premier luxury car manufacturers, is facing a data breach after a hacker, identified as “Rey,” posted sensitive documents related to both employees and customers on BreachForums.

JLR has recognized the security threat and is actively working to manage and mitigate the risks caused by this breach.

Reports suggest that the leaked data includes a range of sensitive details such as future vehicle source codes, car health tracking information, names, email addresses, usernames, time zone data, and development logs. This information is highly valuable in cybercrime circles, often being sold on illicit forums due to its demand.

The hacker’s identity and whether they are affiliated with any ransomware groups remain unclear, as cybersecurity experts have had difficulty making contact with the individual. There is no confirmed information at this time about the misuse of the stolen data.

In response, Jaguar Land Rover has assured the public via its social media channels that it is taking all necessary precautions to address the breach. The company has promised to notify all affected customers in the coming weeks. Additionally, employees have been advised to update their passwords and enable two-factor or multi-factor authentication for added security.

Bank of America Faces Data Breach Due to Human Error

Protecting sensitive data is critical, both digitally and physically. A breach involving paper-based information can lead to significant security risks, as seen in a recent incident at Bank of America (BoA), the largest bank in the United States.

According to sources within the cybersecurity community, BoA had contracted a third-party vendor at the end of last year to securely destroy sensitive paper records containing personal information like Social Security Numbers (SSNs) and bank account details. However, the vendor misplaced some of these documents, raising concerns that they could have been scanned or copied, potentially exposing the data to future security threats.

The third-party data destruction company has acknowledged that this incident could have been prevented if proper care had been taken in handling and storing the documents.

As a result of this mishandling, there is a strong likelihood that the vendor will face severe penalties, potentially amounting to millions of dollars, if found responsible for the breach.

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Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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