Daily news
September 26, 2023

Crypto Theft from Fortress Trust Traced Back to Phishing Attack on Cloud Vendor

Fortress Trust is a financial services company based in Dubai. The firm recently suffered a crypto theft of an unspecified amount. According to an official statement from the company, the theft was traced back to a phishing attack on one of the company’s cloud vendors. The details of the attack remain unclear, but it is believed that the attacker used a fake domain that copied the vendor’s website in order to steal login credentials. The credentials were then used to access the company’s cloud infrastructure, allowing the thief to access the funds stored in its crypto wallets. The incident highlights the need for companies to make sure that their cloud vendors are secure, and to monitor their systems for any suspicious activity. In addition, companies should make sure that they have adequate security measures in place to protect their systems and data. This includes using strong passwords, two-factor authentication, and requiring unique login credentials for each user. Finally, they should regularly review system logs for any suspicious activity.