Reddit, the discussion forum and content aggregator, is one of the latest victims to suffer a major data breach. According to reports, an unknown hacker was able to infiltrate the network and steal significant user data.
Reddit released their report stating that the hacker retrieved current email addresses of their users, a 2007 data back up that contained email addresses and passwords of it users at that time, as well as read-only access to some of its systems that contained its users’ backup data, source code, internal logs.
The hacker was able to expose Reddit by accessing a couple of Reddit’s employees accounts through their cloud and hosting provider. Reflecting a man-in-the-middle style attack, the hacker was able to intercept text messages that were meant to be sent to the employees with a 2 factor authentication code.
It’s worth noting that had Reddit had a cyber insurance policy in place, it’s likely that they would be protected from business interruption, potential financial loss, as well as additional expenses associated with this cyber attack.
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