Latest ransomware attack may be the 'most destructive' yet

The latest in a string of ransomware attacks may be on course to become the "most destructive ... campaign that we've seen so far," writes cybersecurity expert Dmitri Alperovitch. He explained that the Friday strike against software provider Kaseya, whose customers have an untold number of clients themselves, means there could be a "huge number of victims all over the world" and "entire networks encrypted" with "no way to decrypt today without paying millions per network of any significant size" to the perpetrators, who are believed to be affiliated with cyber criminal gang REvil.
Matt Tait, a senior cybersecurity fellow at the Robert S. Strauss Center for International Security and Law at the University of Texas at Austin, said that while the fallout is "relatively small" so far, strategically speaking it may be more significant than previous, attention-grabbing attacks on Colonial Pipeline and Solar Winds.
The hack has reportedly already resulted in the temporary closure of all but five of Sweden's Coop grocery chain's stores. Coop's managed service provider Vissma Escom was hit, which brought down the former company's cash register system and self-service checkouts. Allen Liska of Recorded Future's computer security response team told The Financial Times that the attack highlights an over-reliance on centralized third parties for IT support. "We've essentially handed over too much trust so that if something happens to them, it becomes a catastrophic for your organization through no fault of your own," Liska said. Read more at The Financial Times.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.
-
July 6 editorial cartoons
Cartoons Sunday’s political cartoons include paying for school lunch by enlisting, and the banality of evil
-
5 biting editorial cartoons about 'Alligator Alcatraz'
Cartoons Artists take on dangerous green things, historical precedent, and more
-
A journey into the deep past on beautiful Arran
The Week Recommends New Unesco Global Geopark played a 'key role' in the birth of modern geological science
-
Combs convicted on 2 of 5 charges, denied bail
Speed Read Sean 'Diddy' Combs was acquitted of the more serious charges of racketeering and sex trafficking
-
Sniper kills 2 Idaho firefighters in ambush
Speed Read A man started a wildfire, then fired a rifle at first responders when they arrived
-
Weinstein convicted of sex crime in retrial
Speed Read The New York jury delivered a mixed and partial verdict at the disgraced Hollywood producer's retrial
-
'King of the Hill' actor shot dead outside home
speed read Jonathan Joss was fatally shot by a neighbor who was 'yelling violent homophobic slurs,' says his husband
-
DOJ, Boulder police outline attacker's confession
speed read Mohamed Sabry Soliman planned the attack for a year and 'wanted them all to die'
-
Assailant burns Jewish pedestrians in Boulder
speed read Eight people from the Jewish group were hospitalized after a man threw Molotov cocktails in a 'targeted act of violence'
-
Driver rams van into crowd at Liverpool FC parade
speed read 27 people were hospitalized following the attack
-
2 Israel Embassy staff shot dead at DC Jewish museum
speed read The suspected gunman chanted 'free, free Palestine'