Colin Mc Hugo

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Colin Mc Hugo
Security Engineer Manager & CEO at Quantum Infinite Solutions Group Ltd.
  • Residence:
    Dublin
  • County:
    Dublin
  • Country:
    Ireland
Cyber Security Incident Response
Management & Architecture of Cyber Security Teams
Solutions & Coaching
  • Cyber Security Incident Response
  • Management & Architecture of Cyber Security Teams
  • Solutions
  • Training & Coaching

IT Giant Accenture Hit by LockBit Ransomware; Hackers Threaten to Leak Data

August 12, 2021
accenture ransomware attack

World IT consultancy large Accenture has turn out to be the most recent firm to be hit by the LockBit ransomware gang, in response to a publish made by the operators on their darkish internet portal, doubtless filling a void left within the wake of DarkSide and REvil shutdown.

“These individuals are past privateness and safety. I actually hope that their companies are higher than what I noticed as an insider,” learn a message posted on the info leak web site. Accenture said it has since restored the affected techniques from backups.

Stack Overflow Teams

LockBit, like its now-defunct DarkSide and REvil counterparts, operates utilizing a ransomware-as-a-service (RaaS) mannequin, roping in different cybercriminals (aka associates) to hold out the intrusion utilizing its platform, with the funds typically divided between the prison entity directing the assault and the core builders of the malware.

The ransomware group emerged on the menace panorama in September 2019, and in June 2021 launched LockBit 2.0 together with an promoting marketing campaign to recruit new companions. “LockBit additionally claims to supply the quickest information exfiltration in the marketplace by way of StealBit, a knowledge theft software that may allegedly obtain 100 GB of knowledge from compromised techniques in beneath 20 minutes,” Emsisoft noted in a profile of the crime syndicate.

A few of LockBit’s previous victims embrace the Press Belief of India and Merseyrail.

Enterprise Password Management

The event comes as ransomware incidents have turn out to be a essential menace to nationwide and financial safety which have left companies scrambling to pay hefty extortion calls for.

The spike in assaults in opposition to company and significant infrastructure have additionally been more and more accompanied by a tactic referred to as “triple extortion,” whereby delicate information on a goal’s techniques is extracted previous to locking up by way of encryption, adopted by making use of strain on sufferer firms into paying up by threatening to publish the stolen information on-line, failing which, the attackers then undertake a 3rd part, utilizing that information to blackmail its prospects or launch DDoS assaults.

We have now reached out to Accenture for additional remark, and we’ll replace the story as soon as we hear again.

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