Cyber Attack on “Code Space” puts hosting Service out of Business

Cyber Attack on “Code Space” puts hosting Service out of Business

Code Spaces, a code-hosting and software collaboration platform used by different organizations for project management and development needs, was forced to shut down operations after an attacker compromised its internal system and deleted its customer’s data and backups as well.
This is really a nightmare for the code-hosting company based in Coventry, UK that claimed to offer “Rock Solid, Secure and Affordable Svn Hosting, Git Hosting and Project Management.Codespaces.com homepage shows a lengthy explanation on the attack and an apology from its customer.
Code Spaces will not be able to operate beyond this point, the cost of resolving this issue to date and the expected cost of refunding customers who have been left without the service they paid for will put Code Spaces in an irreversible position both financially and in terms of ongoing credibility,” read the note. “As such at this point in time we have no alternative but to cease trading and concentrate on supporting our affected customers in exporting any remaining data they have left with us.
To an IT Professional you can never have enough backup.   Daily, weekly, monthly, quarterly and annual backups are just as importantas the incremental that most businesses should be doing all the time.   This historical information is critical protection and as a resilient component something that also needs to be in place.
A system that does an internal backup through the application is not as safe as people think.   If you have access to the main system then you also need a way to back up infrastructure.

 

Roger Smith, is an educator. Teaching students at ADFA (UNSW) and showing them how vulnerable they are to cybercrime.

He is also CEO at R & I ICT Consulting Services Pty Ltd, an Amazon #1 author on Cybercrime and founder of the SME Security Framework. He is a Consultant who specialises in inexpensive and highly effective security strategies for small and medium businesses and not for profit organisations.

He has developed and authored the SME Security Framework and the Security Policy Training Course which are considered to be the definitive guides to helping SME's protect their organisation using the principles of Technology, Management, Adaptability and Compliance.

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