On the 2nd July, Kaseya, an organisation providing management software to managed service providers (MSPs), became victim to the biggest ransomware on record, with hackers demanding $70 million.
An MSP is a company that manages a range of IT services and infrastructure on behalf of an organisation. This recent attack affected Kaseya’s virtual server appliance (VSA); an underlying tool used by many MSPs to control customer systems.
Following the attack, Security researchers at Huntress Labs examined the ransomware note and determined that REvil, also known as Sodonokibi, were responsible. This was later confirmed by REvil on their Tor extortion page ‘Happy Blog’.
REvil has been involved in other high-profile attacks, including the recent JBS ransomware attack where they demanded $11 million.
Since this attack, REvil has already released data for six other victims on their ‘Happy Blog’ page, and security researchers believe they will continue looking for more valuable targets.
It is clear that ransomware is hitting critical infrastructure, becoming an increasing threat to national security.
Operating in today’s times, the question has to be, is your business ransomware ready? Indeed, research from StorageCraft shows that 62% of small and medium sized businesses were affected by ransomware last year, with an average disruption of 15.7 days.
Make it your business to ensure you have robust procedures and policies in place to help guard and support against ransomware attack.
For further information on developing your cyber resilient strategy, educating your team and how to minimise your organisation’s disruption to ransomware speak to a member of the NEBRC team today. We have a range of tools and resources to support, including our FREE membership package.
Additional information to share with your team is available from StorageCraft by the following links:
Ø Proactive Ransomware Defence and Orchestrated Recovery: The First and Last Line of Defence For Your Business https://blog.storagecraft.com/proactive-ransomware-defense-and-orchestrated-recovery-the-first-and-last-line-of-defense-for-your-business/
Ø Ransomware Dos and Don’ts https://blog.storagecraft.com/ransomware-dos-and-donts/
Ø How to Make Sure You Never Pay a Ransomware Ransom https://blog.storagecraft.com/how-to-make-sure-you-never-pay-a-ransomware-ransom/
In a Q&A piece, Florian Malecki, Senior Director, International Product Marketing at Arcserve explores if ransomware has gone too far, and where hackers will turn to next.