News and Updates on Information Technology

France – Acer Finance

Exploit: Ransomware

Acer Finance: Financial Advisors

cybersecurity news represented by agauge showing severe risk

Risk to Business: 2.307 = Severe

Avaddon ransomware came calling at Acer Finance. The Company offers risk management, mutual funds, analysis, financial planning, and advisory services. Acer Finance serves individuals, entrepreneurs, and institutional investors in France. The ransomware gang claims to have stolen confidential company information about clients and employees, and they’re giving Acer Finance 240 hours to communicate and cooperate with them before start leaking the stolen valuable company documents. As proof of the hack, the group published several ID cards, personal documents, contracts, and a screenshot of the folders containing stolen data.

Individual Impact: At this time, no sensitive personal or financial information was announced as compromised in this incident, but the investigation is ongoing.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business: No organization is safe from phishing. Every company should make stepping up phishing resistance training a priority to reduce the chance of falling prey to an attack.