News and Updates on Information Technology

United States – Electronic Warfare Associates (EWA)

Exploit: Ransomware
Electronic Warfare Associates (EWA): Electronic product and services company

Risk to Small Business: 2.111 = Severe: Cybercriminals encrypted the company’s web servers, leaving customer-facing signs of a cyberattack even several days after the event. In response, the company took down the affected servers, and it’s unclear how much of the company’s internal IT is impacted by the attack. More than a week after the attack was discovered by security researchers, EWA still hasn’t issued a statement to the public. This lack of transparency could complicate their recovery process, which already promises to be an arduous journey due to the complicated nature of their business.

Individual Risk: No personal information was compromised in the breach.

Customers Impacted: Unknown
How it Could Affect Your Customers’ Business: Ransomware attacks often come with cascading consequences that impact every part of a business. Not only does this attack vector come with high up-front expenses, but the reputational damage and opportunity cost can be even more damaging. Every company should assess its threat landscape to ensure that it can adequately defend against a devastating ransomware attack.