News and Updates on Information Technology

Umbrella company Parasol Group confirms that cyberattacks are the ‘root cause’ of long-term network outages

Exploit: Hacking

Parasol Group: Business Services

cybersecurity news represented by agauge showing severe risk

Risk to Business: 1.727= Severe

UK umbrella company Parasol Group was forced to shut down some of its IT systems last week after an intrusion was detected. The outage impacted the company’s MyParasol payment portal for contractors and freelancers, leading to payroll issues that caused some folks to not get paid. The company is also having invoicing problems as a result of the incident.

Individual Impact: No information about exposed customer personal or financial data was available at press time.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business Cybercriminals are especially likely to target companies that provide time-sensitive products and services in hopes of a fast extortion payment.

Source: the register