How a Common API Vulnerability Might Have Cost Telco Optus $1 Million

Optus, the second-largest telecommunications company in Australia, has experienced an API security incident – and it might come with a $1 million price tag. That’s the amount being demanded by the attacker who has breached Optus and claims to hold more than 11 million user records. The hacker has threatened to sell the data in parcels, if Optus doesn’t pay within a week. But wait – it gets worse! The hacker has now contacted Optus customers directly demanding that they …

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