PCM Internal Infrastructure Hacked
Return To ArticleA hacking group has gained access to the internal infrastructure of large cloud services provider PCM.
California-based PCM provides a mixture of solutions including cloud services and hardware, and made over $2bn in revenues in 2018. According to a report by specialist cybersecurity journalist Brian Krebs, the company discovered the breach in mid-May. Sources told him that the attackers stole administrative credentials for Office 365 accounts, and that they were mostly interested in using stolen data to conduct gift card fraud.
The modus operandi in this case was similar to other attacks on large IT providers we’ve seen, in which the hacking group sends phishing emails to companies including retailers, employee reward programs, customer loyalty and recognition businesses, and other organizations dealing in gift cards.
