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Aug 22, 2024 • 4 min read

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Toyota Cyberattack:

Toyota recently confirmed that a significant amount of customer data was exposed in a third-party data breach after a threat actor, known as ZeroSevenGroup, leaked a 240GB archive of stolen information on a hacking forum. The leaked data includes files with details on Toyota employees and customers, as well as contracts, financial information, and network infrastructure details, including credentials obtained through the ADRecon tool.
While the exact date of the breach has not been disclosed, it was discovered that the stolen files were likely accessed or created on December 25, 2022, possibly through a compromised backup server. Toyota Motor North America initially responded to the breach by stating that their systems were not directly compromised and that the data was stolen from a third-party entity misrepresented as Toyota.
In December of the previous year, Toyota Financial Services warned customers of a data breach caused by a Medusa ransomware attack that affected its European and African divisions. Additionally, earlier in May, Toyota revealed that car-location information for 2.15 million customers had been exposed for nearly a decade due to a database misconfiguration in the company's cloud environment. To prevent future incidents, Toyota has since implemented automated systems to monitor cloud configurations and database settings across all its environments.

Tokyo Metro Prepares For IPO:

Tokyo Metro, the operator of one of the world’s most efficient and heavily trafficked subway systems, is gearing up for an Initial Public Offering (IPO) with an anticipated valuation ranging from 640 billion yen ($4.4 billion) to 700 billion yen ($4.8 billion). This IPO, which could be launched as early as October 2024, is set to become one of Japan’s most substantial listings in recent years.
The Tokyo and Japanese governments, who currently hold full ownership of Tokyo Metro, intend to sell up to half of their shares through this IPO. The proceeds from the sale are expected to be directed toward repaying debts, including those incurred from loans used for reconstruction after the 2011 earthquake and tsunami. Established in 1927, Tokyo Metro is renowned for its punctuality, cleanliness, and the quiet operation of its trains.
The subway system serves over 6.5 million passengers daily across Tokyo and its surrounding regions. Unlike many mass-transit systems worldwide that struggle financially, Tokyo Metro has consistently maintained profitability, reportedly generating over $1 billion in annual profits. The planned IPO of Tokyo Metro is noteworthy not only for its scale but also for its potential influence on the Japanese government’s efforts to reduce public debt.

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