Hackers filch financial data of big-budgeted companies worldwide via ransomware targeted at Citycomp

A ransomware assault after hitting Citycomp a gigantic IT company in Germany is responsible for endangering financial data belonging to a number of big budgeted companies worldwide, notably Volkswagen, Toshiba, Airbus and Oracle.

The attackers illegitimately picked data from Citycomp a provider of storage, server, along with other kinds of PC-related equipments to corporate-level organizations followed with holding the IT Company at ransom with threats that they would post the stolen data on the Web. The hackers registered one domain wherein they revealed about the theft of 516 gigabytes-and-more of data including private and financial details belonging to the clients of Citycomp. The hackers provided their electronic mail id for contacting them. The id was identified as the same during one earlier ransomware attack.

In a statement Executive Director Michael Bartsch of Deutor Cyber Security Solutions said Citycomp had succumbed to a hack, with the criminals blackmailing the company while the assault still continued. The case was currently going through police investigation, so the attackers were tricking in all possible ways. The affected clients had been notified about the hack, while Citycomp hadn't yielded to extortions by the attackers. The company's analysts were doing an intense forensic and technical assessment of the attack, Bartsch explained. Meanwhile, the hackers' demands appear more hazy than clear. www.businessinsider.in posted this, April 30, 2019.

According to CMO Dan Tuchler at SecurityFirst, Citycomp the victim in the current incident has adopted essential measures following the assault and doing all reporting in a transparent manner. Nonetheless, the destruction via the data's publication has been done while Citycomp together with its clients suffer a loss of reputation.

Evidently, the hack shows that data seizure continues to be a threat globally. And ransomware assaults like other kinds of cyber-attacks are customizable and therefore flexible, only their implementations differ.

Citycomp stated that analysis of the incident by Deutor Cyber Security Solutions GmbH, Baden-Wurttemberg the Federal State Police, and G DATA Advanced Analytics suggested that nowhere henceforth there was any sign of more infection of systems belonging to clients and partners; however, to maintain future security a few of the computers had been taken offline.

» SPAMfighter News - 5/3/2019