Lulu Data Breach & SOC Future Study
17.07.2024

In this week’s digest we are to explore the details of the recent data breach in a major retail company and the key takeaways of the research on SOC future.

Recently, Lulu Hypermarket, a major retailer headquartered in the UAE, has faced a serious hacker attack and a subsequent data breach. As a result, the data of 196,000 customers was impacted. Information leaked by the IntelBroker group includes:

  • Email addresses
  • Phone numbers

The gang claims they have access to the entire database, which likely includes additional sensitive information. It is not yet clear whether this sort of highly sensitive financial information has been compromised. However, the leaked data could already be used for ransomware or involved in phishing and identity theft attempts.

While security specialists clean up after cyber criminals, researchers try to create a picture of the future of security operations centers (SOCs). The Dutch research firm TNO has assessed how SOCs will develop by 2030. To obtain expert predictions, TNO interviewed information chiefs, information security officers, SOC managers, and other stakeholders. Key takeaways from the research are the following:

  1. Many organizations will outsource SOC operations to managed security service providers (MSSPs) due to complexity and cost.
  2. Cybersecurity operations will be more automated; incident response workflows will mainly be orchestrated by machine-readable security playbooks.
  3. Cooperation and information sharing within sectors are increasing, which will lead to the establishment of the establishment of sectoral SOCs.
  4. SOCs will focus more on advanced, state-sponsored, and criminal attacks, leveraging cloud infrastructure for standardized and automated incident mitigation.

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