1500 Organizations might have been compromised by this ransomware attack

CYBERSECURITY BULLETIN

The breach is believed to be affiliated with the Russian-linked REvil ransomware gang and is one of the single largest criminal sprees in history

Recent cyberattacks have shown that hackers are becoming more sophisticated and bolder with each attack. Not only that, but they are also upping their prices. Case in point — the most recent attack on a U.S based IT company, Kaseya, where the hackers demanded a whopping $70 million. Keep in mind Colonial Pipeline paid $4.4M in Bitcoin to hackers (before recovering $2.3M), while Brazilian meatpacker JBS ended up paying $11M.

According to the cybersecurity firm Huntress, an authentication bypass vulnerability in the Kaseya VSA web interface allowed the attackers to circumvent authentication controls, gain an authenticated session, upload a malicious payload, and execute commands via SQL injection, achieving code execution in the process.

The number of vulnerable Kaseya servers online, visible, and open to attackers dropped by 96% from roughly 1,500 on July 2 to 60 on July 8, according to Palo Alto Networks. You can imagine the extent of the attack from the fact 800 Coop supermarket chain stores in Sweden had to temporarily close as they were unable to open their cash registers.

Moving beyond the headline story, let’s review some of the other cybersecurity incidents & issues that have been reported recently.

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