News and Updates on Information Technology

Australia – BlueScope Steel

Exploit: Ransomware 
BlueScope Steel: Steel manufacturer

Risk to Small Business: 1.702 = Severe

A cybersecurity incident at the steel producer has disrupted operations at the company’s Australia-based facilities. In response, the company shuttered parts of its digital operations, reverting to manual operations whenever possible. BlueScope Steel expects its capabilities to be diminished as it works to recover from this disruptive cyberattack.

Individual Risk: At this time, no personal data was compromised in the breach.  

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business: Ransomware attacks are a uniquely expensive cyber threat. Not only do they force companies to pay high recovery costs, but the productivity loss and opportunity costs compound the problem. These attacks are not inevitable. Companies can defend against these attacks by ensuring that their digital environment doesn’t offer a foothold to bad actors.