Police in Britain have arrested seven people, ransom-seeking gang, between the ages of 16 and 21, following a series of hacks by the Lapsus$ hacking group. They targeted major firms including Okta Inc and Microsoft Corp. “The City of London Police has been conducting an investigation with its partners into members of a hacking group,” Detective Inspector Michael O’Sullivan said in a statement. The digital breach had knocked Okta shares down about 11 percent.
Last month, Lapsus$ leaked proprietary information about U.S. chipmaker Nvidia Corp. Unit 42, a research team at Palo Alto Networks, described Lapsus$ as an “attack group” motivated by notoriety rather than financial gain. Lapsus$ has been making waves across the technology industry over the past few months. Researchers investigating the attacks believe that the group was led by a 16-year-old from Oxford, England, known as ‘White’ / ‘Breachbase’, assisted by another teenager from Brazil. The teenagers are incredibly skilled at hacking. But the group has poor operational security, which means that they themselves can be hacked, according to Microsoft. The company not only recommends implementing more robust security methods, but educating employees and recommending members of technical teams to report any unusual contacts with colleagues.