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Falanx Group Ltd

Further details on Wipro phishing attack revealed

The motivation behind phishing attack that struck the Indian IT consultancy firm Wipro in April may surprisingly be gift card fraud, according to a new Flashpoint report.

Flashpoint researchers Jason Reaves, Joshua Platt and Allison Nixon said the far-ranging attack that hit dozens of Wipro employees gave the malicious actors access to more than 100 of the company’s computers. In the end, the aim was to obtain the usernames and passwords of encrypted email accounts in order to obtain access to portals managing the account-holders’ gift card and rewards programs, the blog said.

What was done with the stolen credentials is unknown.

Falanx Group Ltd (LON:FLX), through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide. It operates through Falanx Cyber Defence and Falanx Intelligence divisions.

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