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Accenture becomes latest victim of a ransomware attack, but says no disruption to operations

The cyberattack against Accenture was done using LockBit which is a strain of ransomware that has been highly active since 2019, a timeline reveals.  A LockBit hacker group accessed proprietary data of IT consulting firm Accenture in a ransomware attack on Wednesday, according to a tweet by VX Underground. The group, in its post, said: “These people (Accenture) are beyond privacy and security. I really hope that their services are better than what I saw as an insider. If you’re interested in buying some databases, reach us.” It is not yet known whether a ransom had been paid or not by the company.  Why it matters? Ransomware attacks rose by 93 percent in the first six months of 2021 according to a report by Check Point. The cybersecurity firm also pointed out that the number of attacks is expected to increase despite interventions by law enforcement. The pandemic has fuelled rapid digitalisation worldwide causing cybersecurity attacks to rise in tandem. It is to be noted that in many of these attacks, ransoms are being paid by the afflicted companies which in turn encourages more criminals to go down the route in order to get rich quickly.   https://twitter.com/vxunderground/status/1425462666408210433 Details of the attack on Accenture VX Underground, a database of malware source codes, had posted a countdown of four hours along with its tweet indicating the time at which the group will release the data.  Once the countdown was over, hackers published nearly 2,400 files such as powerpoints, case studies, quotes, etc.…

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I cover several beats such as Crypto, Telecom, and OTT at MediaNama. I can be found loitering at my local theatre when I am off work consuming movies by the dozen.

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