Ransomware Trickles Down Into Your Supply Chain – Kaseya Cyberattack Highlights Cybersecurity Risks And Business Impact

Over the July long weekend, Canadian, American, and other international businesses were victims of a far-reaching ransomware attack. The REvil group, a ransomware syndicate also known as Sodin or Sodinokibi, are believed to be behind the attack. This gang's most prominent and recent attack targeted Kaseya, an IT management software service that operates within a supply chain system. It is believed that REvil is demanding a ransom equal to the Bitcoin equivalent of $70 million dollars to decrypt all the affected systems. This recent international cyberattack on Kaseya customers highlights how vulnerable end-customer businesses such as retail chains can be to these attacks because a service providers' data breach trickles down throughout the supply chain.