zerofox logo
Advisories

Breach Disclosure: BaseFEX

|by Alpha Team

banner image

Standing Intelligence Requirements

For the most up to date list of ZeroFox Threat Research’s Intelligence Requirements, please visit:

https://cloud.zerofox.com/intelligence/advisories/14956

Details

BaseFEX, a Africa-based trading platform, in which 214,953 email addresses were exposed, which were subsequently shared on a deep web platform. Of these, an assessed 213,963 records were successfully linked to plain-text passwords. The threat actor did not disclose the ultimate source of the data breach or how it was exploited.

Recommendations

  • If not already enabled, turn on the compromised credentials rule for all relevant entities and ensure relevant emails are entered for those entities, or reach out to [email protected] for assistance
  • If one of your entities receives an alert, ZeroFox recommends immediate password changes for the affected account
  • Enable multi-factor authentication for all of your organizational accounts to help mitigate phishing and credential stuffing attacks

Tags: mid-east/africa,  financial services, data breach