Google Warns of Active Oracle PeopleSoft Zero-Day Attacks
Alphabet Inc.'s cybersecurity teams have identified an ongoing cyber extortion campaign targeting Oracle Corp's PeopleSoft software, attributing the activity to the hacking group ShinyHunters. The zero-day exploit was discovered by Google Threat Intelligence Group and Mandiant.
Alphabet Inc.'s (NASDAQ: GOOGL) cybersecurity teams have identified an ongoing cyber extortion campaign targeting Oracle Corp's PeopleSoft software, attributing the activity to the hacking group ShinyHunters.
Attack Details
Researchers at Google Threat Intelligence Group and Mandiant reported on Thursday that they have detected exploitation of a zero-day vulnerability in Oracle PeopleSoft, an enterprise resource planning (ERP) system. The attacks target organizations across multiple sectors, aiming to steal data and demand ransom.
Context
These warnings come amid a rise in ransomware attacks against large corporations. The ShinyHunters group is known for infiltrating databases and selling stolen data on dark web markets.
What This Means for Investors
While the attack does not directly target Alphabet or Oracle systems, it highlights the security risks faced by companies using third-party software. This could lead to increased cybersecurity spending for both Oracle and its clients.
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