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Energy giant Schneider Electric hit by huge ransomware attack

Techradar

Techradar · 1y ago

Energy giant Schneider Electric hit by huge ransomware attack

Schneider Electric, a leading energy company, suffered a major ransomware attack on its Sustainability Business division. The attack, carried out by the Cactus ransomware variant, disrupted the company's Resource Advisor cloud platform and resulted in the theft of terabytes of confidential corporate data. The attackers are demanding a ransom payment and threatening to release the stolen data if their demands are not met. Schneider Electric is working on remediation and expects to restore access to the impacted systems within the next two business days.

Related News

FBI warns US hospitals they may be hit by BlackCat ransomware, so be on their guard

Techradar

Techradar · 1y ago

FBI warns US hospitals they may be hit by BlackCat ransomware, so be on their guard

The Cybersecurity and Infrastructure Security Agency (CISA), along with the FBI and HHS, have issued a warning to hospitals and healthcare organizations about the ALPHV (BlackCat) ransomware. The advisory states that since mid-December 2023, ALPHV has been targeting healthcare firms, and around 70 organizations have had their data leaked on the dark web. The ransomware group has improved its communication with victims and upgraded its encryption software. In a recent attack, US health tech giant Change Healthcare was hit by ALPHV ransomware. Hospitals are being advised to take necessary measures to mitigate these threats.

China's biggest lender's US arm hit by ransomware attack

Economic Times

Economic Times · 1y ago

China's biggest lender's US arm hit by ransomware attack

China's largest commercial lender, ICBC Financial Services, was hit by a ransomware attack that disrupted their systems and impacted trades in the US Treasury market. The attack was believed to be orchestrated by the Lockbit cybercrime gang, known for targeting large organizations. While ICBC stated that the impact was limited and they were recovering from the attack, this incident highlights the vulnerability of major organizations and raises concerns about cybersecurity controls and regulatory scrutiny in the market. US authorities have been working on curbing ransomware attacks through improved information-sharing.

Change Healthcare attack that disrupted prescriptions blamed on BlackCat ransomware

Techradar

Techradar · 1y ago

Change Healthcare attack that disrupted prescriptions blamed on BlackCat ransomware

Last week, US health tech giant Change Healthcare experienced a cyber attack that left some applications unavailable. It has now been revealed that the attack was ransomware, carried out by the group ALPHV (BlackCat). Although it is unclear whether any data was stolen during the attack, given that Change Healthcare is a major prescription medication processor, there is a possibility that millions of customers' data may have been compromised. The incident has also caused disruptions in local Michigan pharmacies. BlackCat is known as one of the largest and most dangerous ransomware operators.

Schneider said to be in talks to buy Temasek’s stake in Indian JV Schneider Electric

Economic Times

Economic Times · 25d ago

Schneider said to be in talks to buy Temasek’s stake in Indian JV Schneider Electric

Schneider Electric SE is in discussions to acquire Temasek Holdings' 35% stake in Schneider Electric India Pvt for approximately $1 billion, potentially valuing the venture at around $5 billion, including debt. Temasek has been considering its exit options, which could include a sale or an initial public offering. Schneider Electric, which owns 65% of the joint venture, is focused on expanding in the Indian market amidst growing merger and acquisition activity.

Cyberattacks on healthcare sector rising, 60% of organisations hit in a year: report

Economic Times

Economic Times · 1y ago

Cyberattacks on healthcare sector rising, 60% of organisations hit in a year: report

Cyberattacks on the healthcare sector in India are increasing, with nearly 60% of organizations being hit in the past year, according to a study by Sophos. The study also revealed that cybercriminals successfully encrypted data in 75% of ransomware attacks, the highest rate in three years. However, only 24% of healthcare organizations were able to disrupt a ransomware attack before their data was encrypted. The report highlighted that the healthcare sector in India is losing ground against cyber attackers and is becoming less effective at detecting and stopping attacks.

These were the badly handled data breaches of 2024 | TechCrunch

TechCrunch · 7m ago

These were the badly handled data breaches of 2024 | TechCrunch

TechCrunch has compiled a list of recent data breaches and security incidents from various companies. Genetic testing company 23andMe blamed its users for a data breach that exposed millions of customers' data. Change Healthcare, a healthcare tech company, took months to confirm a breach that exposed over 100 million people's private health information. London-based provider Synnovis suffered a ransomware attack, causing months of disruption to NHS services. Cloud computing giant Snowflake experienced mass hacks that targeted its corporate customers. The city of Columbus, Ohio sued a security researcher who reported on a ransomware attack. Salt Typhoon, a China-backed hacking group, infiltrated the networks of U.S. phone and internet providers. MoneyGram, a money transfer company, suffered a data breach, but the number of affected customers remains undisclosed. U.S. retail giant Hot Topic experienced a major data breach, but the company has not publicly confirmed or notified customers about the incident.

Duvel halts production following ransomware attack — but don't worry, it says there's still plenty of beer

Techradar

Techradar · 1y ago

Duvel halts production following ransomware attack — but don't worry, it says there's still plenty of beer

Belgium's Duvel Moortgat Brewery, famous for its beers such as Duvel and Vedett, experienced a ransomware attack that forced production to be halted. The attack was discovered in the early morning, and while the production disruption is expected to have minimal impact due to sufficient stock levels, the brewery has not stated whether any data was compromised. No ransomware group has claimed responsibility for the attack at this time.

NPCI disconnects C-Edge Tech from retail payments after alleged ransomware attack

Economic Times

Economic Times · 1y ago

NPCI disconnects C-Edge Tech from retail payments after alleged ransomware attack

The National Payments Corporation of India (NPCI) has temporarily disconnected C-Edge Technologies, a payment service provider, after it was hit by a ransomware attack. C-Edge Technologies, a joint venture between TCS and the State Bank of India, primarily caters to rural and cooperative banks. As a result of this disconnection, customers of banks powered by C-Edge Technologies will not have access to retail payment services such as UPI and IMPS provided by NPCI. NPCI aims to restore services soon, with minimal impact on overall transaction volume. C-Edge Technologies reported operational revenue of Rs 355 crore in FY23.

Bank of America names Infosys US unit for over 57,000 users data leak

Economic Times

Economic Times · 1y ago

Bank of America names Infosys US unit for over 57,000 users data leak

Bank of America has identified Infosys McCamish Systems as the source of a data leak resulting from a ransomware attack that affected over 57,000 users in November. The breach compromised data such as names and social security numbers. While it is unclear if other banking customers of Infosys were affected, the incident led to a hit on Infosys' operating margins and the termination of a $1.5 billion deal. Bank of America will provide affected users with complimentary identity theft protection services.

Data breach at newspaper giant Lee Enterprises affects 40,000 people | TechCrunch

TechCrunch · 2m ago

Data breach at newspaper giant Lee Enterprises affects 40,000 people | TechCrunch

In a ransomware attack in February, Lee Enterprises, a major U.S. newspaper publisher, experienced personal data theft affecting nearly 40,000 individuals, including Social Security numbers. The breach predominantly impacted former and current employees. The attack paralyzed newspaper printing and disrupted media operations nationwide for weeks, affecting over 70 publications. The Qilin ransomware gang claimed responsibility. Lee Enterprises did not comment on the breach, which severely affected freelancers and contractors.

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