Breach Disclosure: BaseFEX
|by Alpha Team

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