News and Updates on Information Technology

Lojas Renner, Brazil’s largest clothing department store chain suffered a ransomware attack

Exploit: Ransomware

Lojas Renner: Fashion Retailer

cybersecurity news represented by agauge showing severe risk

Risk to Business: 1.663 = Severe

Lojas Renner, Brazilian biggest fashion retail chain, has been struck by a ransomware attack that impacted its IT infrastructure and resulted in the unavailability of some of its systems, including online shopping. Reports claim that the deed was done by RansomExx and it may be related to an incident at a Brazilian IT services provider and that Renner paid the hackers $20 million in ransom.

Individual Impact: There has not yet been an announcement that employee, customer, or consumer personal or financial information was compromised in this incident but the investigation is ongoing.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business: Ransomware is the weapon of choice for both run-of-the-mill cybercriminals and nation-state threat actors. Every business needs to be ready for it.

Source: The Record Media