News and Updates on Information Technology

Japan – Toshiba

Exploit: Ransomware

Toshiba: Electronics Manufacturer

cybersecurity news represented by agauge showing severe risk

Risk to Business: 1.817 = Severe

European units of Japanese tech giant Toshiba are investigating a security incident in which scammers may have used a similar hacking tool to the malware used against IT systems at Colonial Pipeline. The company announced that it had been forced to disconnect network connections between Japan and Europe to stop the spread of ransomware. The attack is believed to have been perpetrated by the DarkSide ransomware gang. Toshiba Tec Group, a unit of the multinational conglomerate which makes printers and other technologies, said the firm had not yet confirmed that customer related information was leaked externally. The incident is under investigation and the company says that it has not paid any ransom.

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

How it Could Affect Your Customers’ Business: By disruptiong internal operations, ransomware can cause tremendous problems for multinational companies even if no data is stolen or systems encrypted.