A massive ransomware attack has hit more than 1,000 companies


A massive ransomware attack on the software provide chain has impacted more than 1,000 businesses so far, and the number may continue to grow, according to the cybersecurity firm Huntress Labs Inc.

The attack has focused on managed service providers, which supply IT services and products primarily to small- and medium-sized businesses. Such attacks can have a multiplying effect, since the hackers may then gain access and infiltrate the MSPs’ customers too.

So far, more than 20 MSPs have been affected, said John Hammond, a cybersecurity researcher at Huntress Labs.

The have an effect on of the attack is only beginning to come to light. In Sweden, a majority of grocery chain Coop’s more than 800 stores couldn’t open on Saturday after the attack led to a malfunction of their cash registers, spokesperson Therese Knapp told Bloomberg News.

The hackers were identified as the Russia-linked ransomware group REvil, which used to be accused final month of hacking giant meatpacker JBS SA.

There are sufferers in 11 countries so far, according to research published by cybersecurity firm ESET.

The hackers seem to have targeted Kaseya Ltd., a Miami-based developer of software for managed service providers, with the intention to attack its customers, according to cybersecurity experts.

“What makes this attack stand out is the trickle-down effect, from the managed service provider to the small trade,” Hammond said. “Kaseya handles large enterprise all of the way to small businesses globally, so in the end, it has the potential to spread to any size or scale trade.”

In a commentary, Kaseya said it has notified the FBI. The company said it had so far identified less than 40 customers that were impacted by the attack.

Two of the affected MSPs include Synnex Corp. and Avtex LLC, according to two people familiar with the breaches. Avtex President George Demou told Bloomberg News in a text message on Friday night, “Hundreds of MSPs have been impacted by what seems to be a Global Provide Chain hack.”

“We are working with those customers who have been impacted to help them to recuperate,” he added.

A Synnex spokesperson didn’t immediately respond to requests for remark.

Dear Reader,

Trade Standard has at all times strived tough to supply up-to-date information and remark on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and fixed feedback on how to reinforce our offering have only made our get to the bottom of and commitment to these ideals stronger. Even all the way through these difficult times arising out of Covid-19, we continue to remain dedicated to keeping you informed and up to date with credible news, authoritative views and incisive remark on topical issues of relevance.

We, alternatively, have a request.

As we battle the economic have an effect on of the pandemic, we need your strengthen even more, in order that we will continue to give you more quality satisfied. Our subscription mannequin has seen an encouraging response from many of you, who have subscribed to our online satisfied. More subscription to our online satisfied can only help us achieve the goals of offering you even better and more applicable satisfied. We imagine in free, reasonable and credible journalism. Your strengthen through more subscriptions can help us practise the journalism to which we are dedicated.

Reinforce quality journalism and subscribe to Trade Standard.

Digital Editor

Top stories / News / Trade


Please enter your comment!
Please enter your name here