How Clop-MOVEit Hack Shows Evolution in Cyberattacks: QuickTake

A criminal hacking group known as Clop has exploited a security flaw in a file transfer tool, stealing data from dozens of companies and organizations primarily in the US and Europe. The oil giant Shell Plc and IAG SA’s British Airways are among the victims, along with US government agencies, banks, manufacturing firms and universities. The hacking involves demands for ransom payments but doesn’t involve ransomware.

1. What’s the MOVEit hack?

MOVEit is a file-sharing software from Progress Software Corp., which says it’s designed to enable “secure collaboration and automated file transfers of sensitive data.” However, the hacking group ...