Hackers launch another wave of mass-hacks targeting company file transfer tools

Security researchers are sounding the alarm after hackers were caught exploiting a newly discovered vulnerability in a popular file transfer tool used by thousands of organizations to launch a new wave of mass data exfiltration attacks.
The vulnerability affects the MOVEit Transfer managed file transfer (MFT) software developed by Ipswitch, a subsidiary of U.S.-based Progress Software, which allows organizations to share large files and data sets over the internet. Progress confirmed on Wednesday that it had discovered a vulnerability in MOVEit Transfer that “could lead to escalated privileges

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