Back to the complete issue
Tuesday, 9 November 2021

You need to really be checking for your cybersecurity

Hackers made off with the data of mns of Robinhood users last week, the digital trading platform said in a blog post on Monday. The data breach did not include users’ banking information and led to no financial losses, Robinhood said. The hackers used social engineering tactics to gain access to the email addresses of 5 mn users and the full names of a separate 2 mn people through a Robinhood customer service employee, according to the app—a scam that we’ve seen deployed increasingly of late.

Meanwhile, the US has brought charges against one Ukranian and one Russian in connection with the Russia-linked REvil ransomware attack earlier this year, in addition to seizing USD 6.1 mn in ransom payments made to one of the alleged attackers, according to a US Justice Department press release. The alleged hackers behind the attacks on US businesses and government entities — including multinational software company Kaseya — are being charged with conspiracy to commit fraud and money laundering, among other counts, which could land them each over a hundred years in prison if found guilty on all charges. Yaroslav Vasinskyi, the 22 year old Ukranian national who is currently in US custody has reportedly received USD 2.3 mn in ransom payments while Russian Yevgeniy Polyanin, who reportedly collected USD 6.1 mn from the attacks remains at large outside the US.

PSA- We’ve been noticing and hearing of more phishing attacks taking place here. We urge you to be careful and really make sure you know what link it is you’re clicking on before you do. We also highly recommend that your tech teams stay vigilant and educate other team members on how to spot phishing attacks and avoid them. It’s the Wild West out there, so, be careful, folks.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.