Monday 8 November 2021

High Profile Ransomware Attacks 2021

My Geek Score: Over the past few months (and years), we have seen a growth in ransomware attacks, a lot of the high-profile attacks. These attacks against U.S. companies and agencies result in a shutdown of critical infrastructure, which could create shortages, increased cost of goods/services, financial loss because of the shutdown of operations, and loss of money because of having to pay the ransom to the hackers, and worse.

3 high profile ransomware attacks 2021

i) Colonial Pipeline Company 

The US Colonial Pipeline Company's pipeline system suffered a major ransomware attack in May this year. The cyberattack affected his computerized equipment that manages the pipeline, which originates from Houston, Texas, and cut fuel supplies to most of the east coast of the United States for days. IT Systems, Colonial Pipeline Company has ceased all pipeline operations to prevent further damage. With the help of the FBI, the company paid out $ 4.4 million in bitcoins, as requested by the hackers. The FBI said the attack was headed a month after the payment was made, the Justice Department reported that the FBI had confiscated part of the payment using a private key.

ii) Acer

Taiwanese IT giant Acer was hit by a REvil ransomware attack in March this year. The hackers asked for a whopping $ 50 million. They shared pictures of stolen files as evidence of Acer's security breach and the resulting data breach. According to media reports, the company gained access to Acer's network through a Microsoft Exchange vulnerability that resulted in the hacking of 30,000 emails from US governments and trade organizations by large corporations every year, the same hackers responsible for the 2020 ransomware attack on Travelex. While the computer manufacturer never confirmed whether it actually paid the ransom, it is said that companies like his have been constantly attacked and observed unusual situations reported to authorities. Police and data protection are required.

iii) CNA Financial 

Chicago-based CNA Financial Corp., one of the largest insurance companies in the United States, discovered a breach in March this year. The ransomware attack is said to have resulted in the data of around 75,000 people being compromised. This data could include names, health benefits information, and social security numbers of current and former company employees, contract workers, and their dependents. According to media reports, in late May, CNA Financial agreed to regain $ 40 million in access to its network. The hackers used malware called Phoenix Locker, a variant of Hades created by the Russian cybercrime syndicate Evil Corp.

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