It has been reported that Thinkful, an online education site for developers, has confirmed a data breach, just days after it confirmed it would be acquired. The email to users said that although the company said it’s seen “no evidence” of any unauthorised access to user’s account data, it did not rule out any improper access to user data.
Thinkful Resets All User Passwords After Security Breachhttps://t.co/zJmat9N8pn
— BleepingComputer (@BleepinComputer) September 19, 2019
Experts Comments
September 24, 2019
This incident highlights the importance of due diligence during mergers and acquisitions in modern time. I’m hopeful that Thinkful would have disclosed the information if they were aware of it, and I would also hope that Chegg, given their recent experience with a breach, would have this addressed contractually.
Obviously, the reputational damage and cost of dealing with the breach can have a significant impact on valuation or could kill the deal altogether. This is why it is so important to .....Read More
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@Travis Biehn, Technical Strategist, provides expert commentary at @Information Security Buzz.
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@Travis Biehn, Technical Strategist, provides expert commentary at @Information Security Buzz.
"Compromising small startups in the weeks and months following an acquisition can lead to huge payoffs for attackers...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/thinkful-resets-all-user-passwords-after-security-breach