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Thousands of customers affected in Revolut data breach - Comment from OpenText Security Solutions
September 2022 by Matt Aldridge, Principal Solutions Consultant, BrightCloud at OpenText Security Solutions
The digital challenger bank Revolut has confirmed it was hit by a highly targeted cyberattack that allowed hackers to access the personal details of tens of thousands of customers. The app-based bank, launched in the UK in 2015, admitted that a third party gained access to the personal details of 0.16% of its 20 million customers but said “no funds have been accessed or stolen”.
Matt Aldridge, Principal Solutions Consultant, BrightCloud at OpenText Security Solutions:
“To minimise the risk of personal data breaches happening in this digital world, all organisations must work hard to ensure that sensitive data remains secure. Once the sensitive information is exposed, it can further lead to future cyber-attacks, or it could be used for extremely targeted social engineering attacks on the customers involved.
Organisations in every sector increasingly rely on digital technologies to deliver their services; therefore, the key learning lesson for businesses that hold private information should ensure they have clearly defined security policies and procedures to avoid any information leak. It is crucial that staff are properly trained, which underscores all effective cyber resilience and data protection strategies. Security awareness training programmes can now inform and educate employees on the latest threats in real time, including information security, social engineering, malware, and industry-specific compliance topics. Attack simulations can also be used to automatically send users for re-education should any training issues be identified.”
