Southern Water says Black Basta ransomware attack cost £4.5M in expenses
United Kingdom water supplier Southern Water has disclosed that it incurred costs of £4.5 million ($5.7M) due to a cyberattack it suffered in February 2024. [...]
Stay informed on the latest in security disclosure practices. Keep your data safe with insights and updates on the newest disclosure trends in cybersecurity.
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Background for this topic.
Disclosure in information security means sharing details about vulnerabilities, breaches, or security incidents. This can be done privately with affected parties, coordinated to allow fixes before public release, or fully public, sometimes before patches exist. The method chosen affects how quickly risks are mitigated and how much attackers might exploit the information.
Proper disclosure helps organizations prioritize patching and reduces the window attackers have to exploit flaws. Poorly timed or incomplete disclosure can expose systems to increased risk, while transparent, coordinated disclosure supports effective vulnerability management and trust between researchers and defenders. Understanding disclosure practices is essential for assessing the urgency and reliability of security news.
United Kingdom water supplier Southern Water has disclosed that it incurred costs of £4.5 million ($5.7M) due to a cyberattack it suffered in February 2024. [...]
Two different exploits for an unpatched Parallels Desktop privilege elevation vulnerability have been publicly disclosed, allowing users to gain root access on impacted Mac devices. [...]