SecurityWeek reports that significant service disruptions have been confirmed by major international mobile virtual network operator Lyca Mobile following a cyberattack.
Nearly all of the countries where Lyca Mobile operates, excluding the U.S., Australia, Ukraine, and Tunisia, had national and international calling, as well as top-ups, impacted by the incident, according to the U.K.-based MVNO. Efforts to completely restore operational service issues continue amid an ongoing investigation into a potential data breach. "We are confident that all our records are fully encrypted, and we will keep customers updated on the outcome of our investigation as we work with our expert partners to establish the facts," said Lyca Mobile. Such an intrusion highlights the tangible effect of cyberattacks, noted My1Login CEO Mike Newman. "At this early stage, it is unlikely Lyca Mobile will have a clear understanding of exactly what has happened, but it is clear the attackers managed to get deep enough into the service provider's network to take down key services this could indicate it was ransomware Lyca Mobile was dealing with. However, the company has reported that its data is encrypted, so hopefully, this means attackers won't have been able to reach anything which puts customers at risk," added Newman.
New variants of the QBot malware, also known as Qakbot, have emerged since mid-December despite having been disrupted in August, suggesting continuous testing by the malware developer, BleepingComputer reports.
More than $10 billion in fraud-related losses were reported by U.S. consumers for the first time in 2023, representing a 14% growth over 2022, even though the number of individuals who reported being targeted by fraud held steady at over 2.6 million, BleepingComputer reports.
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