News and Updates on Information Technology

Ministry of Economy confirmed that National Treasury fell victim to a ransomware attack

Exploit: Hacking

National Treasury (Tesouro Nacional Brasil): National Government Agency

cybersecurity news represented by agauge showing severe risk

Risk to Business: 1.671 = Severe

The Brazilian government has confirmed that the National Treasury (Tesouro Nacional Brasil) fell victim to a ransomware attack on August 13. The extent of the damage is unclear and operations in the department were quickly restored. Government officials were quick to assure investors that the cyberattack did not affect the operations of Tesouro Direto, which enables the purchase of Brazilian government bonds. The incident is not suspected to be the work of nation-state threat actors.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business: Ransomware is a popular tool to use against government targets because it’s an easy way for cybercriminals to create disruptions that may produce ransoms more easily.

Source: Teiss Co UK