Over the weekend, companies and governments around the world found themselves vulnerable to malicious actors and are racing to fix a software flaw, that if left unchecked, allows hackers full access to web servers without the need for a password. This means that everyone and anyone is able to access networks and servers where they can loot valuable data, plant malware, erase crucial information and more to such unpatched networks.
The flaw, dubbed “Log4Shell” or “Log4j”, has already been put to work and tested out by users via Minecraft, which is an online game that’s hugely popular and owned by Microsoft. It was reported that the Minecraft users were able to execute programs on the computers of other users by pasting a short message in a chat box. With the flaw in full swing and personal data coming under the intense scrutiny of governments worldwide, companies around the world should take immediate steps to ensure that their systems are patched and up to date to prevent any leakage of valuable data etc, which can lead to massive fines and penalties.Companies will also do well to ensure that their systems are constantly up to date and that they have comprehensive cyber insurance coverage in place. Contact MAKinsure to get quotes for your cyber insurance cover today!