News and Updates on Information Technology

Norway – Volue

Exploit: Ransomware

Volue: Green Energy Solutions Provider

cybersecurity news represented by agauge showing severe risk

Risk to Business: 2.109 = Severe

Norwegian green energy solutions provider Volue has been the victim of a ransomware attack, using Ryuk ransomware. Volue offers industrial IoT, data and market analysis, power trading, construction software, optimization and trading software, water infrastructure documentation and management, and transition and distribution software solutions to more than 2,200 customers across 44 countries. Volue’s investigation is ongoing, but so far it has found no evidence of data exfiltration, either personal or “energy-sensitive data.” Operations are expected to be restored quickly

Individual Impact: 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: Ransomware is the modern cybercriminal’s weapon of choice. Make sure your clients are taking every possible precaution because 61% of organizations worldwide experienced a damaging ransomware incident in 2020.