News and Updates on Information Technology

Australia – Nexia Australia and New Zealand

Exploit: Ransomware
Nexia Australia and New Zealand: Accounting Firm

Risk to Small Business: 1.806 = Severe

REvil ransomware strikes again, this time at major accounting firm Nexia. The company informed regulators of an attack on November 3, 2020. While the REvil gang had up until recently boasted of the score on its website, the information has since disappeared, leading to speculation that the ransom was paid. The firm has not confirmed what if any data was stolen, although the REvil group did confirm that it had data in its initial posting.

Individual Risk: No information is available about any personal or financial data that was exposed in this incident.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business:  Ransomware is a menace that every company must be on guard for at every turn to avoid messy and damaging incidents like this, with correspondingly expensive results.