Schools Say US Teachers' Retirement Fund Was Breached By MOVEit Hackers

An anonymous reader quotes a report from TechCrunch: Two U.S. schools have confirmed that TIAA, a nonprofit organization that provides financial services for individuals in academic fields, has been caught up in the mass-hacks targeting MOVEit file transfer tools. Middlebury College in Vermont and Trinity College in Connecticut both released security notices confirming they experienced data breaches as a result of a security incident at the Teachers Insurance and Annuity Association of America, or TIAA. According to its website, TIAA serves mire than five million active and retired employees participating at more than 15,000 institutions and manages $1.3 trillion in assets in more than 50 countries. Both of the security notices confirm that TIAA was affected by hackers' widespread exploitation of a flaw in MOVEit Transfer, an enterprise file transfer tool developed by Progress Software. The mass-hack has so far claimed more than 160 victims, according to Emsisoft threat analyst Brett Callow, including the U.S. Department of Health and Human Services (HHS) and Siemens Energy. Only 12 of these victims have confirmed the number of people affected, which already adds up to more than 16 million individuals. While TIAA notified affected schools of its security incident, the organization has yet to publicly acknowledge the incident. In response to a Twitter user questioning the organization's silence, TIAA responded saying that its offices were closed. It's not yet known how many organizations have been impacted as a result of the cyberattack on TIAA. TIAA has not yet been listed on the dark web leak site of the Russia-linked Clop ransomware gang, which has claimed responsibility for the ongoing MOVEit cyberattacks.

Read more of this story at Slashdot.