Here’s the latest installment of the Hacks, Attacks and Breaches cybersecurity news update.
The Logically team provides top cyber security stories every week to keep you up to date on the latest news headlines on cybersecurity, hacking, computer security, ransomware and other cybersecurity threats.
RR Donnelly
Exploit: Ransomware
RR Donnelly: Marketing & Communications Firm
Risk to Small Business: Major marketing company RR Donnelly has disclosed that they had data stolen in a December cyberattack attributed to ransomware. The Conti ransomware group is suspected to be to blame. In the attack on December 27, 2021, the company experienced a systems intrusion that led it to shut down its network to prevent the attack’s spread. That led to disruptions for customers, with some unable to receive printed documents required for vendor payments, disbursement checks and motor vehicle documentation. The Conti ransomware gang claimed responsibility on January 15 and began leaking 2.5GB of the stolen data that has since been removed.
How it Could Affect Your Business: A recent rash of ransomware attacks against media and communications organizations should have everyone in that sector on notice.
Strategic Benefits Advisors, Inc
Exploit: Hacking
Strategic Benefits Advisors: Human Resources Consulting Firm
Risk to Small Business: In a recent legal filing, Strategic Benefits Advisors disclosed that an unauthorized third party had gained access to its data and may have removed several files containing consumer information. The Georgia-based company provides full-service employee benefits consulting for companies in many industries.
How it Could Affect Your Business: Hackers have been especially interested in breaching companies that maintain large stores of data for other companies lately.
City of Tenino, Washington
Exploit: Phishing/BEC
City of Tenino, Washington: Municipality
Risk to Small Business: The City of Tenino, Washington is down $280,309 in public funds according to the Washington State Auditor’s Office after a city employee fell for a phishing message that launched a business email compromise scam. Reports say that former Clerk Treasurer John Millard fell victim to a phishing message and paid cybercriminals a boatload of money, some without city council approval. The official reportedly initiated 20 automated clearing house payments from the city’s bank account to multiple out-of-state bank accounts. News outlets are also reporting that a warning was sent out to clerks about the phishing scam immediately but that didn’t stop this disaster from happening.
How it Could Affect Your Business: BEC is the most expensive cybercrime according to the FBI, 64X more expensive than ransomware – and it usually starts with phishing.
