News and Updates on Information Technology

Canada – MNP

Exploit: Ransomware

MNP: Accounting firm

Risk to Small Business: 1.619 = Severe

MNP identified a ransomware attack that forced the company to shut down all systems, preventing employees from working for nearly a week. The company is deducting banked overtime for the affected employees, which could come with severe backlash. Similarly, many are being asked to bring their computers back to the company for a cybersecurity analysis, likely placing them in harm’s way as social distancing guidelines are intended to keep people apart to stop the spread of COVID-19.

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

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business: In many cases, ransomware attacks double as data breaches when cybercriminals steal company data before encrypting critical technology. In this case, the consequences of a ransomware attack are amplified, increasing both the cost and practical implications of these increasingly common attacks.

Source:
https://www.bleepingcomputer.com/news/security/leading-accounting-firm-mnp-hit-with-cyberattack/