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“Mother Of All Breaches” Exposes 26 Billion Data Records

The files encompass a massive 12 terabytes of personal information from various sources, including Adobe, Canva, and X.

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mother of all breaches exposes 26 billion data records

An extensive database consisting of a staggering 26 billion meticulously curated and reindexed data records has recently appeared on an unprotected online platform. This dataset, referred to by experts as the “Mother of all Breaches” (MOAB), encompasses an astonishing 12 terabytes of personal information sourced from various websites, including several big industry names:

  • X (281 million)
  • Tencent QQ (1.5 billion)
  • Adobe (153 million)

The repository of sensitive data encompasses usernames and passwords from tools like Canva to government records from the United States, Brazil, Turkey, Germany, and more.

The discovery of the data trove is down to the diligent efforts of Bob Dyachenko, a cybersecurity researcher and the proprietor of SecurityDiscovery.com, along with the collaborative work of the Cybernews team, who have been investigating its origins.

mother of all breaches leak list

The research community believes that the owner has a vested interest in storing large amounts of data and could be a malicious actor, data broker, or other large-scale service with the capability to mine massive volumes of data.

The sheer magnitude of the records alone is cause for profound concern. The MOAB is probably the largest “compilation of multiple breaches” (COMB). Enough to arm malicious entities with abundant ammunition to carry out “identity theft, sophisticated phishing schemes, and targeted cyberattacks,” according to Dyachenko.

A faint silver lining of the breach is the confirmation that a significant portion of the records are outdated. Primarily, the MOAB is an amalgamation of prior breaches and leaks, albeit with numerous duplications.

Also Read: The Largest Data Breaches In The Middle East

With that being said, experts also warn that many people use the same passwords across services like Netflix and Gmail, allowing attackers to use the information from MOAB to breach more sensitive accounts.

The full extent and implications of the “Mother Of All Breaches” remain undetermined. The immediate priority lies in uncovering the source and motivation behind this colossal data repository. In the interim, it’s vital to ensure you haven’t used the same password across multiple services or, at the very least, to periodically change those in use.

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

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mamo completes $3.4 million funding round to enhance fintech services
Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.

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