The recent Microsoft attacks should be an eye-opener, reveal industry experts.
Microsoft is disputing Wiz’s assertions that leaked data from Teams, SharePoint, and OneDrive may have been the result of hacked private encryption keys. Researchers suggested that the stolen private encryption key may have given the intruders access to several Azure Active Directory apps.
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Microsoft issued a warning earlier this month after an advanced persistent threat group called Storm-0558 breached the systems of around 25 customers globally. Many government-related emails were also hacked. The incident brought to light the intensity of the situation.
“Our biggest surprise with this investigation came when we discovered that the threat actor’s impact could be much broader than most of the security community realized – many incorrectly assumed that it was limited to Outlook – and also that we don’t know the full possible impact,” informs a senior security researcher at wiz.
The cyber security landscape has become more competitive. The year 2022 was a tough one due to ever-rising cyber threats. Industry experts had predicted a similar scenario for the year 2023 as well. Year 2023 is becoming more complicated in terms of cyber security. Many of the major enterprises have reported such incidents in recent times.