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Bitcoin Ransomware Hackers Hit Accenture, IT Consulting Firm Brushes It Off – Decrypt

In brief

  • Ransomware attacks are big business.
  • Hackers usually demand payment in Bitcoin to return control of a computer or network to its owner.

Accenture is a Fortune 500 IT consulting firm with half a million employees scattered across the globe. That is, it ‘s merely the sort of party that could lose not just billions in tax income from a elongated ransomware attack but besides credibility from early companies that rely on its cybersecurity expertness .
The firm is reporting it repelled equitable such an attack from hack group Lockbit on Tuesday evening, but not before the hackers accessed some files purportedly belonging to the company. It began publishing them nowadays .
The cyber criminal equip had leaked an extortion message saying it would be publishing data stolen from the party within a few hours, unless, of naturally, Accenture wanted to buy the databases themselves. The message suggested that a ship’s company “ insider ” was creditworthy for the attack .
Accenture was not interest. According to a company affirmation, “ Through our security controls and protocols, we identified irregular activity in one of our environments. We immediately contained the matter and isolated the affect servers. ”

furthermore, those affected servers are, according to Accenture, no longer affected : “ We fully restored our affect systems from back up [ sic ]. There was no impingement on Accenture ’ randomness operations, or on our clients ’ systems. ”
But Lockbit hush went ahead and began publishing 2,384 files, indicating that Accenture likely made no undertake to purchase the stolen data. It ‘s ill-defined how sensitive that data is .

Ransomware is simply software designed to lock users out of their computers or network until they hand over money, normally Bitcoin or another cryptocurrency. LockBit has been about since late 2019 and is known for using target attacks that can spread across networks without manual treatment, according to cybersecurity tauten Kaspersky. Hackers may try to gain access via animal force methods that can crack watery passwords. The malware then steals data .
According to statistics from european ransomware accompaniment party BeforeCrypt, the average Lockbit ransom is about $ 33,000 in BTC, though that act can be much higher for companies with thick pockets .
Assuming no sensitive information has been linked, Accenture may have dodged a bullet. Ransomware payments in the first five months of the class cost companies $ 81 million, according to blockchain fact-finding firm Chainalysis, not counting the hundreds of hours in lost ferment hours .

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