![]() ![]() ![]() REvil hit more than 20 Texas municipalities through a shared provider two years ago, but only demanded $2.5 million in total ransom, said Andy Bennett, then a state official managing the response. Service providers have been targeted before - most dramatically by suspected Chinese government hackers who went after big tech companies in a series of breaches known as Cloud Hopper. "Time to market is such a high requirement, and sometimes speed becomes the enemy of security," Gupta said. And it's hard for the customer to defend."īugcrowd Inc, one of several platforms where researchers can report vulnerabilities, has also seen security flaws as bad as Kaseya's, said Bugcrowd Chief Executive Ashish Gupta, perhaps because MSPs have been growing so fast. "It's a much more economical approach to launch a breakout attack. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA), which has made ransomware a top priority. "That's where you find the trusted access to customers' systems," said Chris Krebs, the first leader of the U.S. The business of MSPs has boomed during the coronavirus pandemic alongside the rapid increase in remote work. KREBS GROUP RANSOMWHERE SOFTWAREKaseya's software serves many MSPs, so the attacks multiplied before Kaseya could warn everyone, rapidly encrypting data and demanding ransoms of as much as $5 million per victim. They typically serve small and medium-sized firms that lack in-house technology capabilities and often boost security.īut MSPs also make an efficient vehicle for ransomware because they have wide access inside many of their customers' networks. Managed service providers include companies such as IBM (IBM.N) and Accenture (ACN.N) offering cloud versions of popular software and specialist firms devoted to specific industries. ![]()
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