New Olympics Cyber Threat Targets VIP Transport Companies

Abnormal Security has revealed that French businesses, particularly those in the hospitality, transport, and tourism sectors, are at high risk of being targeted as they experience an influx of customers and transactions, making them prime targets for cybercriminals seeking to exploit the situation.

Abnormal Security researchers have additionally identified a worrying trend in online chat rooms as the threat extends beyond Olympic ticket buyers with an observation of an uptick in data offered for sale and trade.

In an example of the growing cyber threat that emerged at the beginning of this month, a user on a popular cybercrime forum contacted an undercover security researcher, offering access to VIP transport companies in the Paris area. The seller highlighted the expected booking surge as the Olympics drew closer and disclosed they had access to the company’s Stripe, email, and invoice software.

Cybercriminals can exploit this type of access to send fraudulent emails impersonating Stripe, making customers susceptible to phishing attacks. They can also target employees within the business, exposing the company to risks such as invoice fraud, compromised financial information, and operational disruptions.

You can read the details here: https://abnormalsecurity.com/blog/french-companies-olympics-threats

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