News and Updates on Information Technology

United Kingdom – Xchanging

Exploit: Ransomware
Xchanging = Insurance Managed Services Platform 

Risk to Small Business: 2.307 = Severe

Ransomware strikes again, this time taking systems hostage at Xchanging, the UK based subsidiary of DXC Technology. The problem appears to be limited to several of the company’s customer-facing services. Xchanging offers business process services in areas such as customer administration, finance and procurement, and technology services including application management, infrastructure management, specialist software, and data integration. No data is believed to have been stolen in this incident. 

Individual Risk: No personally identifying information or personal financial data was reported as exposed in this incident.

Customers Impacted: 1,000+

How it Could Affect Your Customers’ Business: Every business has relationships with service providers, making the risk of a third-party data breach unavoidable. Especially when transacting business with companies that handle payment, financial or personnel data, organizations have to be cognizant of the potential for a data breach that comes through business services relationships, and the Dark Web danger that brings to the table.