1,500 Companies Affected In Kaseya Ransomware Attack

Share post:

Around 800 to 1,500 businesses around the world are affected by a ransomware attack on the U.S. IT company Kaseya, which provides software tools to IT outsourcing shops.

Fred Voccola, CEO of the Florida-based company, said in an interview that it was difficult to measure the exact impact of Friday’s attack because those affected were mostly customers of Kaseya customers.

One of those tools was undermined on Friday, allowing hackers to cripple hundreds of companies around the world.

The hackers, who claimed responsibility for the attack, have demanded $70 million to recover all the data of the affected companies, although they have indicated in private conversations with IT experts and journalists that they are willing to lower the ransom.

Voccola said he had spoken with officials from the White House, the Federal Bureau of Investigation and the Department of Homeland Security about the attack, but refused to say what they had told him about negotiations with the cybercriminals.

Experts expect the full impact of the hack to be felt on Tuesday when Americans return from their fourth holiday weekend in July.

Outside the United States, the biggest disruptions occurred in Sweden – where hundreds of Coop supermarkets had to close their doors because their tills were not working – and in New Zealand, where 11 schools and several kindergartens were severely affected.

For more information, read the original story in Reuters.

SUBSCRIBE NOW

Related articles

Cyber Security Today, May 3, 2024 – North Korea exploits weak email DMARC settings, and the latest Verizon analysis of thousands of data breaches

This episode reports on warnings about threats from China, Russia and North Korea, the hack of Dropbox Sign's infrastructure

Hashtag Trending for World Password Day, Thursday, May 2nd, 2024

Security firm Okta warns of an unprecendented password stuffing attack that is piggybacking on regular user’s mobile and...

Google Chrome’s new post-quantum cryptography causes connection issues

The latest update to Google Chrome, version 124, which integrates a new quantum-resistant encryption mechanism, has led to...

UK legislation bans weak passwords

Starting Monday, the UK will enforce new laws banning the sale of devices with weak default passwords such...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways