Crypto Theft from Fortress Trust Traced Back to Phishing Attack on Cloud Vendor
Fortress Trust, a cryptocurrency investment platform, recently confirmed that a recent cryptocurrency theft was the result of a phishing attack on a cloud vendor.
The hacker had accessed the private key of the company’s web wallet and used it to steal the funds. The stolen funds totaled more than $60,000 worth of cryptocurrency.
The company’s CEO stated that the attack was made possible due to human error, as a piece of malicious code was able to bypass their security measures. He also stated that the company believes that the attack was initiated from an unauthorized individual posing as an employee of their cloud vendor attempting to gain access to the company’s web infrastructure.
The company has notified law enforcement authorities and is taking steps to further strengthen its security measures and protocols to ensure that such an incident does not occur in the future.
Phishing attacks on cloud vendors present a major security risk for companies, especially those dealing with sensitive data and financials. To combat this, companies must be sure to have updated security protocols and an educated staff that is aware of proper security practices. Additionally, companies should also ensure that their vendors maintain strong security measures to protect their clients.