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German tech giant Software AG hit by Clop ransomware attack

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German tech giant Software AG was hit by a ransomware attack that caused the company to suspend its services.

The attack took place on October 3 and was attributed to Clop ransomware. As is typical in a ransomware attack in 2020, the company’s files were encrypted and those behind the attack demanded a ransom payment of around $ 20 million or they would post. internal company data.

Software AG did not pay the ransom and,according toAccording to a report on ZDNet on Friday, the perpetrators of the attack began posting information inside the company. In a screenshot, the personal details of Software AG CEO Sanjay Brahmawar were released, including a scan of his passport.

The company officially disclosed the ransomware attack in A declarationOctober 5, describing it as a “malware attack”. Although his current state of recovery is unknown, for the moment the company main story on its “Important Customer Information” website. The statement states that “Due to technical issues with our online support system, we ask that you kindly send us an email with a description of your problem and a callback number.” It would seem that a week later he is still having issues due to the ransomware attack.

The Clop ransomware and the associated ransomware cluster have been linked to previous attacks, including data stolen from pharmaceutical outsourcing company ExecuPharm in April.

“Ransomware gangs are getting more daring and sophisticated, taking on bigger and more lucrative targets with their criminal attacks,” Saryu Nayyar, managing director of the risk analysis and security firmGuruculSolutions Pvt Ltd AG, said SiliconANGLE. “Even with a full security stack and a mature security operations team, businesses can still be vulnerable. The best we can do is keep our defenses up to date, including behavioral analysis tools that can identify new attack vectors and educate our users to reduce the attack surface. “

Dan Piazza, Technical Product Manager at Data Access Governance Company Stealthbits Technologies Inc., noted that size does not make an organization immune to ransomware attacks and often makes it a more vulnerable target. “An organization with deep pockets means attackers will devote vast resources to compromising them, and more employees and networks means more attack surface,” he said. “It also shows that threat actors are more motivated than ever and feel confident to ask for exorbitant amounts of money – possibly due to past successes.”

Image: Software AG

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