News
Uber Blames Lapsus$ Hacking Collective For Data Breach
The hack targeted a Slack channel using a password purchased from the dark web, though the company claims no client data was compromised.
Lapsus$ is a collective of hackers famous for ransomware attacks and data theft from huge companies such as Microsoft, Vodafone and Nvidia. Now, the group has successfully targeted ride-sharing giant Uber.
Uber’s systems were breached sometime last week, with employees discovering the hack on Thursday, 15th September. The infiltrator announced their actions on the company’s internal Slack account with a message that read: “I announce I am a hacker and Uber has suffered a data breach.”
Uber claims the hacker is associated with the Lapsus$ group. If that’s true, it means they could also be responsible for a massive data breach of Rockstar Games and its upcoming Grand Theft Auto VI (GTA 6) release, as the attacker announced that they were, in fact, the same person.
As far as Uber is concerned, no customer data was compromised during the hack, with the breach targeting invoice management tools and content from Slack channels.
In a new update about the fiasco, Uber believes the attack happened after the hacker purchased a corporate password on the dark web from a personal device that was infected with malware. Even though 2-factor authentication was activated, the contractor inexplicably allowed a login approval request, which granted entry to the account.
Since the data breach, the company has forced all users to change their login credentials and is adamant that any public-facing financial data or personal information remains secure.
Also Read: DDoS Attacks Are A Growing Threat In Gaming
“First and foremost, we’ve not seen that the attacker accessed the production (i.e. public-facing) systems that power our apps; any user accounts; or the databases we use to store sensitive user information, like credit card numbers, user bank account info, or trip history. We also encrypt credit card information and personal health data, offering a further layer of protection,” says Uber in an official statement.
To add to the embarrassment, Uber admits that the hacker accessed the company’s dashboard portal at HackerOne, where researchers report security bugs and vulnerabilities. In addition to law enforcement, Uber is now working alongside leading digital forensics teams to get to the bottom of the breach.
News
NEOPAY Wants To Follow Merchants Across Channels And Borders
A controlling 65% stake in noon payments would give NEOPAY access to marketplace sellers, online merchants and the payment flows they generate.
It’s been a long time since checkouts were single defined places. A merchant might take payments at a physical register, on its own website and through an online marketplace, sometimes in more than one country. NEOPAY wants to follow those transactions wherever they happen.
The UAE payments company has entered into an agreement to acquire a 65% controlling stake in noon payments. NEOPAY already runs the acquiring infrastructure that lets merchants accept card payments, along with omnichannel acceptance and a merchant services platform. This new deal would add noon payments’ embedded payments platform, e-commerce gateway and merchant network across the UAE, Saudi Arabia and Egypt. That would considerably expand both NEOPAY’s digital commerce capabilities and its regional reach.
For merchants, the attraction is a single provider for online and in-store payments, plus faster settlements, data and analytics, and value-added financial services.
“Payments should be simple, reliable, and built for the markets they serve,” said Faraz Khalid, CEO of noon. His counterpart at NEOPAY, Vibhor Mundhada, added: “We have built a strong payments business in the UAE, and our ambition is now to take that capability across the region”. The acquisition, Mundhada added, would “expand our footprint into Saudi Arabia and Egypt” while reinforcing NEOPAY’s position at home.
Also Read: In Kuwait, Your Surgeon Might Be Operating From Another Country
NEOPAY is also keen to point out potential payment volume increases. The company says noon payments’ integrations with marketplace sellers and online merchants create high transaction density in some of the region’s fastest-growing digital commerce segments. It also believes control of the business would give it access to those merchant relationships and payment flows, and speed up the rollout of alternative payment methods and installment options.
The combined roadmap targets faster merchant onboarding, better payment performance, tighter fraud controls and embedded financial services. The deal could also strengthen cross-border payments and settlement along key regional commerce corridors.
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