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US SEC launches probe into mass MOVEit breach

The US SEC has begun an investigation into the massive data breach of Progress Software’s MOVEit file transfer tool, which impacted over 2,000 organisations and exposed the personal data of roughly 64 million people. Ransomware operation Clop, which orchestrated the data theft, managed to steal masses of data before patches were implemented. Presently, the company faces numerous legal and financial challenges, with the cost of the breach estimated at $1 million.

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