Securities and Exchange Commission, reveals bank account information and users’ passwords are among the details stolen by hackers in a security breach that occurred earlier this year. The company previously said payment details were not affected by the attack, which has affected hundreds of universities, healthcare providers, and other organizations around the globe. Once hackers gain access to the data elements required for registration, they are able to create fraudulent ADP accounts within ADP’s self-service portal for customer employees that had not previously registered for the portal. Hackers can then view W-2 information within those accounts and use them to file fraudulent tax returns on behalf of employees.

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• The breach was discovered after several customers reported fraudulent transactions made through ADP’s self-service portal.
• It says 47 staff accounts were compromised and used to steal 3.8 million documents, including 500,000 that contained personal information on 186,000 customers.
• Cloutier said ADP does offer an additional layer of authentication — a personal identification code (PIC) — basically another static code that can be assigned to each employee.
• By way of inserting a malicious code into the software, hackers managed to access information provided by customers making purchases.
• ADP also stressed that this personal data did not come from its systems, and that thieves appeared to already possess that data when they created the unauthorized accounts at ADP’s portal.
• ADP will not request sensitive personal information such as Social Security Numbers, login credentials, or bank or credit card information via unsolicited phone, email, or internet-based communications.
• Yes, please follow the instructions above on how to report a suspicious message and a member of your ADP client service team will assist you.

In fact, this is not the first time third-party providers were used as a channel for compromise. In the past, it was pointed out that securing the enterprise requires a more holistic approach in terms of keeping security gaps to a minimum. Experts have identified the importance of keeping the security of IT supply chains and contractors adp hack intact as these represent potential weak points in the security of any organization. US Bank’s Ripley then admitted that the bank made the company code accessible by publishing the link to an employee resource online. This was done without the knowledge that the said code is privileged data.

Record Number of Breaches Detected Amid #COVID19

The DOJ complaint also alleges Sullivan deceived the new management of the company about the incident after it hired a new CEO in 2017. Singapore’s Personal Data Protection Commission fines Grab, maker of a transportation, logistics, and financial services app, SG$10,000 ($7,325) for a series of data breaches compromising customer data. The breaches occurred after modifications made to its mobile app exposed to the risk of unauthorized access the information of 21,541 GrabHitch drivers and passengers. Shopify, an online commerce platform, reveals two rogue members of its support team compromised the data of less than 200 merchants doing business on the shopping site. This same kind of assurance didn’t go the way of the two recently-targeted companies.

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ID thieves are interested in W-2 data because it contains much of the information needed to fraudulently request a large tax refund from the U.S. Bank shared a letter received from Jennie Carlson, the financial institution’s executive vice president of human resources. If you are an employee of an ADP client and are concerned about the breach, you may visit Have I Been Pwned to check if your credentials have been compromised. Be sure to include as many details of the suspected vulnerability as possible, including the product tested, date, account names, etc. Note that by sending an email to you confirm that you are meeting the requirements of the ADP Vulnerability Disclosure Program.

Fraudsters Steal Tax, Salary Data From ADP. Are Employees At Risk?

HR systems are a direct link to employees’ most vital and secure information. Otherwise, the company could be in the news like Snapchat earlier this year. A payroll employee opened an email that was a phishing scam that impersonated Snapchat’s CEO, Evan Spiegel. In the email, a hacker posing as Spiegel requested payroll information for existing and ex-employees.

ADP will not request sensitive personal information such as Social Security Numbers, login credentials, or bank or credit card information via unsolicited phone, email, or internet-based communications. If this information is ever requested in a communication that you did not initiate, it is an indicator of a scam. In many cases, the answers can be found by consulting free online services, such as Zillow and Facebook. In the meantime, ADP says it has developed systems to monitor the Web for any other customers that may inadvertently publish their signup link and code. U.S. Bank spokesman Dana Ripley said the letter was sent to a “small population” of the bank’s more than 64,000 employees. Bank also hit “a very small subset” of the ADP’s total customers this year.

Identifying Concentration Risk and Securing the Supply Chain

• The second step is activating the account, and ADP sends activation codes to the companies that set up accounts with them.
• ADP Chief Security Officer Roland Cloutier explained that to create an account, users need to sign up using their name, social security number and date of birth—pretty basic information that can be easily lifted by skilled hackers.
• ADP relies on static data – name, Social Security Number, date of birth, and a unique company identification code – to authenticate new portal registrants.
• Singapore’s Personal Data Protection Commission fines Grab, maker of a transportation, logistics, and financial services app, SG$10,000 ($7,325) for a series of data breaches compromising customer data.
• According to the National Cyber Security Alliance, 20% of American small businesses are attacked by cyber criminals.
• “We’ve now aggressively put in some security intelligence by trying to look for that code and turn off self-service registration access if we find that code” published online, Cloutier said.

Cybercriminals took advantage of the available information and used them to create fake ADP accounts. To register to the portal, a cybercriminal with malicious intent needs personal identifiable information like names, dates of birth, and Social Security numbers. Such data, according to the ADP, were not harvested from its systems, but must have already been in the hands of the crooks. Although the company did not say how many customers were affected by the breach, South African Banking Risk Centre, an anti-fraud and banking non-profit, claims the breach affected 24 million South Africans and 793,749 local businesses.