Well, it seems even in the world of credit servicing, companies are not safe from the menacing clutches of cyber crime. An interesting turn of events has taken place over the Emerald Isle at acquisition and credit servicing firm Cabot. The company recently found itself at the sticky end of a rather hefty cyber attack. And we’re not talking about a handful of misplaced emails. No, these cybercriminals made off with an eye-watering 394,000 data files.
Right, let’s cut to the chase. These stolen files contained material directly linked to Cabot’s clients and its loan book. That, my friends, is a jolly big scandal in the credit servicing world. The mind boggles thinking about the potential consequences. Who are these people, you ask?
Well, here’s the infuriatingly mysterious bit. The party behind this cybercrime is officially dubbed “persons unknown”. I know, I know. It sounds like something out of a modern Inspector Morse episode. I wish I was exaggerating. What we do know is that these unknown individuals had the gall to team up with a UK-based web hosting provider named Aeza International Ltd. Of course, I’m not pointing any fingers, just sharing the facts on the table.
So, the plot thickens. Last month, Cabot fired a legal salvo, bagging an injunction against Aeza and our elusive “persons unknown”. The court saw fit to order the return of a considerable trove of data – are you ready? – an astounding 356 GB! That’s a lot of data, friends. Picture it as roughly 71,000 songs. Or if you’re a film buff, that’s about 100 full-length films. All this data, initially nicked from Cabot’s IT system in a two-day spree in September, was given marching orders to head back to its rightful owner.
I, for one, am eager to see how this shakes out. I cannot emphasize enough the worry this causes – the risk and impact of cybercrime cannot be overlooked. But we stand together, committed to staying vigilant, stopping these villains in their tracks and making our digital world safer. Through awareness, prevention, and some top-notch sleuthing, we’ll give the cyber criminals a run for their money. After all, us Brits love a good challenge and aren’t afraid of a bit of hard graft when the going gets tough.
Rest assured, we’ll be keeping our eyes peeled and our ears pressed to the ground, ready to make sense of it all, straight from the horse’s mouth. Because in a world of unseen enemies and digital shadows, knowledge truly is power.
by Parker Bytes
