News and Updates on Information Technology

Chile – Cencosud

Exploit: Malware
Cencosud: Retail Conglomerate

Risk to Small Business: 2.342 = Severe

Cencosud was hit with a ransomware attack that encrypted devices throughout their retail outlets and impacted the company’s operations. Most retail locations of the South American retail giant are operational, but other services including its in-house credit cards have been impacted. Egregor ransomware is suspected as the culprit. Cencosud manages a wide variety of stores in Argentina, Brazil, Chile, Colombia, and Peru.

Individual Risk: While it’s clear that a great deal of information and major systems were encrypted, there are no specifics on any data stolen.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business: Ransomware as a business disruptor is a favored weapon of nation-state hackers, and is being more frequently used to create chaos in retail, healthcare, government, and essential service operations.