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Home›Swedish economy›The weekend cyberattack may not be over

The weekend cyberattack may not be over

By Suk Bouffard
July 7, 2021
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President Joe biden said the United States appeared to have avoided a lot of damage to businesses in the recent ransomware attack, which was the largest on record, the Associated press (AP) wrote on Tuesday (July 6).

The company that saw the software breach affected less than 1,500 businesses worldwide.

Friday’s attack exploited a powerful remote management tool, operated by Miami Kaseya. This was used to facilitate a supply chain attack. The attack, according to the AP, was responsible for damage to businesses in at least 17 countries and for shutting down many Swedish chain Coop supermarkets by smashing cash registers last weekend.

But White House press secretary Jen Psaki thought there could be a risk of retaliatory attacks against possible Russian participants – although there were no details on this. that this could result, wrote AP. Biden has repeatedly stated that he believes the Kremlin has a responsibility for providing safe haven to cybercriminals.

Kaseya has now said he believes only 800-1,500 of the 800,000-1,000,000 users of his software were affected by the breach.

But cybersecurity experts aren’t so sure, believing Kaseya can’t at this point know exactly how its services have been impacted overall. Experts say some people may not find out until they return to work on Tuesday, July 6.

PYMNTS wrote that those affected were mostly customers of Kaseya’s customers, so it became more difficult to watch the exact fallout of what happened.

Hackers claiming responsibility for the shutdowns demanded a ransom of $ 70 million to restore companies’ data.

Kaseya’s specialty is working with IT tools for outsourcing stores, including companies that normally work in the back office for small businesses. The attack reversed much of what Kaseya had accomplished so far, and many of the businesses directly affected were businesses such as dental offices or accountants.

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NEW PYMNTS DATA: STUDY PUTTING LOYALTY AT THE SERVICE OF SMALL BUSINESS – UNITED KINGDOM EDITION

About the study: UK consumers see local purchases as essential for both supporting the economy and preserving the environment, but many local High Street businesses are struggling to get them in. In the new Making Loyalty Work For Small Businesses study, PYMNTS surveys 1,115 UK consumers to find out how offering personalized loyalty programs can help engage new High Street shoppers.

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