Cisco Falls Prey To Cyber Breach Linked To Lapsus$: Report

Cisco Systems, Inc CSCO disclosed becoming aware of being a cyberattack victim on May 24.
A hacker repeatedly attempted to access Cisco’s corporate network.
Cisco acknowledged that the hacker aimed to encrypt files, Bloomberg reports.
Also Read: Hackers Against Okta, Microsoft, NVIDIA Traced To England, Brazil: Bloomberg
Cisco became aware after the hacker leaked a list of the files it had stolen on the dark web.
An investigation determined that the hacker broke into Cisco’s network by cracking into an employee’s personal Google account, which synchronized their saved passwords across the web.
Cisco had “not identified any evidence suggesting that the attacker gained access to critical internal systems.
Investigators believe an adversary conducted the attack previously identified for several notorious cybercrime groups UNC2447, Lapsus$, and Yanluowang ransomware operators.
UNC2447 targeted organizations with ransomware in Europe and North America as per Mandiant cybersecurity firm.
Yanluowang, a ransomware variant, has targeted U.S. corporations since August 2021, according to Symantec.
The Lapsus$ group was allegedly behind attacks against technology companies, including Okta Inc OKTA, Microsoft Corp MSFT, and Nvidia Corp NVDA.
Price Action: CSCO shares closed higher by 2.45% at $46.02 on Wednesday.