BlackCat hackers target Italian asset manager Azimut in cyber assault

TL;DR Breakdown

  • BlackCat ransomware group targets Azimut but fails to compromise sensitive information.
  • Palo Alto Networks confirms BlackCat’s responsibility for the attack on Azimut.
  • Azimut’s swift response and robust security measures mitigate damage from the assault.

Description

Italian investment firm Azimut successfully thwarted a malicious cyberattack orchestrated by the notorious ransomware group BlackCat. The attack, which occurred on July 21, marked yet another addition to the hacker group’s extensive list of 477 victims, which includes the state-owned Italian energy services provider GSE. Azimut shielded its customers from harm, as the hack failed … Read more

Italian investment firm Azimut successfully thwarted a malicious cyberattack orchestrated by the notorious ransomware group BlackCat. The attack, which occurred on July 21, marked yet another addition to the hacker group’s extensive list of 477 victims, which includes the state-owned Italian energy services provider GSE.

Azimut shielded its customers from harm, as the hack failed to compromise their sensitive data. The Israeli hacker tracking startup, DarkFeed, had alleged BlackCat’s involvement, linking the group to a staggering data breach at GSE in September. Subsequent investigations by California-based cybersecurity company Palo Alto Networks Unit 42 independently confirmed BlackCat’s responsibility for the assault on Azimut.

Hackers targeted a staggering 500GB or more of sensitive information and have been infamous for conducting complex attacks on various businesses across the United States and Europe since their emergence in late 2021. July alone witnessed 23 similar assaults, mirroring the one faced by Azimut.

Palo Alto Networks Unit 42, which diligently monitors leak sites, revealed that BlackCat currently ranks as the second most active multi-extortion ransomware organization, just behind the infamous LockBit group. Notably, various sectors have fallen victim to hackers, encompassing legal and technical industries, healthcare, and manufacturing.

Despite the severity of the assault, Azimut swiftly reassured its valued customers that none of their private or financial data, crucial for account access and financial transactions, had been compromised.

The company promptly reported the illegal IT system breach to the relevant authorities and swiftly implemented robust internal security measures to mitigate the damage caused by the incident.

Furthermore, in light of this attack, authorities are urging businesses of all scales to fortify their cybersecurity measures, proactively warding off potential threats and ensuring the safety of their client’s data. This incident is a stark reminder of the pressing need for continued vigilance in the ever-evolving landscape of cyber threats.

As the world grapples with escalating cyber risks, Azimut’s triumphant defense against the BlackCat cyberattack stands as an exemplary case of cybersecurity resilience, reinforcing the importance of staying one step ahead of threat actors in an increasingly digitized era.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:BlackCat hackers target Italian asset manager Azimut in cyber assault

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月26日 01:46
Next 2023年7月26日 02:37

Related articles

  • Digital currencies’ unwanted role in the culture wars

    Description Amid the growing political turbulence and societal divisions of our age, a new player has entered the arena: cryptocurrencies, or more specifically, Central Bank Digital Currencies (CBDCs). As nations from China to Nigeria embrace digital currencies, their true implications in the modern world raise eyebrows and fuel conspiracy theories. From Wonkish Debate to Political Hot … Read more Amid the growing political turbulence and societal divisions of our age, a new player has entered the arena: cryptocurrencies, or more specifically, Central Bank Digital Currencies (CBDCs). As nations from China to Nigeria embrace digital currencies, their true implications in the modern world raise eyebrows and fuel conspiracy theories. From Wonkish Debate to Political Hot Potato Just a handful of years ago, CBDCs were largely confined to the hallowed halls of financial institutions and policy discussions. Their purpose seemed simple enough: a digital representation of tangible currency, backed not by private companies but by the weight of national central banks. Fast forward to today, and CBDCs have morphed into political footballs. Across the globe, over 100 nations are contemplating the CBDC…

    Article 2023年9月7日
  • Metropolitan Museum of Art Agrees to Return $550K in Donations from FTX

    TL;DR Breakdown Metropolitan Museum of Art plans to return $550K in donations from cryptocurrency exchange FTX, which filed for bankruptcy. The museum’s decision showcases its dedication to financial transparency and ethical responsibility, setting an example for other organizations in the art and cultural sector. The Metropolitan Museum of Art, located in New York, has recently announced its decision to return a sum of $550,000 in donations it received from cryptocurrency exchange FTX prior to the exchange’s collapse in November. The museum confirmed its intention to repay the funds to FTX debtors, following negotiations conducted in good faith. This move comes as FTX’s management attempts to reclaim its donations from various individuals and organizations, including politicians. The Metropolitan Museum of Art’s decision highlights its commitment to upholding ethical standards and financial transparency. Contents hide 1 The Metropolitan Museum of Art’s Pledge to Return Donations 2 FTX’s Efforts to Recover Donations 3 Upholding Ethical Standards in Cultural Institutions 4 Conclusion The Metropolitan Museum of Art’s Pledge to Return Donations The Metropolitan Museum of Art, one of the world’s most prestigious cultural institutions,…

    Article 2023年6月9日
  • How to Find Meme Coins Early?

    Introduction to Meme Coins Meme coins are a type of cryptocurrency that is based on internet memes and have gained popularity due to their unique and often humorous branding. They often have low market caps and are traded on decentralized exchanges. Meme coins can be highly volatile and subject to market fluctuations, making them a risky investment. However, they have also gained attention to their potential to offer high returns in a short amount of time. Some popular examples of meme coins include Dogecoin, Shiba Inu, Pepe, and Safemoon. What Are Meme Coins? Meme coins are a type of cryptocurrency that is inspired by internet memes and popular culture. They often have unique branding and are created for fun or entertainment purposes rather than practical applications. Meme coins can have low market caps and are often traded on decentralized exchanges. Some popular examples of meme coins include Doge, Shiba Inu, SpongeBob, and SafeMoon. Meme coins have gained popularity in recent years due to their unique branding and potential for high returns, but they can also be highly volatile and risky…

    2023年5月17日
  • Attorney John Deaton stands firm on Ripple’s chances in SEC appeal

    TL;DR Breakdown Attorney and XRP supporter John Deaton is confident in the SEC’s appeal against Ripple, citing Judge Torres’s well-reasoned order as a strong foundation. Judge Torres categorized Ripple’s XRP sales into three groups and found substantial distinctions, impacting investors’ expectations. U.S. District Judge Jed Rakoff’s disagreement with Judge Torres’s approach in another case adds uncertainty to the pending appeal by the SEC. Description The famous attorney and avid XRP supporter, John Deaton, expresses confidence in the Securities and Exchange Commission (SEC) appeal against Ripple (XRP). He believes that Judge Analisa Torres’s well-reasoned order provides a solid foundation for a negative conclusion for the SEC. Citing a detailed thread that explains the judge’s decision, Deaton highlights the use of … Read more The famous attorney and avid XRP supporter, John Deaton, expresses confidence in the Securities and Exchange Commission (SEC) appeal against Ripple (XRP). He believes that Judge Analisa Torres’s well-reasoned order provides a solid foundation for a negative conclusion for the SEC. Citing a detailed thread that explains the judge’s decision, Deaton highlights the use of the Howey test…

    Article 2023年8月7日
  • Tether reaches all-time high market cap and expands presence in Georgia

    TL;DR Breakdown Tether’s USDT stablecoin has regained its lost market value, surpassing its all-time high market cap of $83.2 billion. The decline in whale holdings of Ethereum raises concerns about a bearish outlook in the market, potentially impacting price stability. Tether expands its presence in Georgia through a strategic investment in CityPay.io, aiming to enhance the payment industry and bring greater efficiency and convenience to customers. Tether, the leading stablecoin issuer, has recently made significant strides in the crypto market, reaching new milestones and expanding its presence in Georgia. The company’s updates and strategic investments showcase the growth and resilience of Tether amidst a dynamic industry. Tether rebounds and surpasses all-time high market cap After experiencing a setback of approximately $20 billion following the collapse of algorithmic competitor TerraUSD over a year ago, Tether’s USDT stablecoin has successfully regained its lost market value. The circulating supply of this highly traded digital asset has surpassed its previous record of $83.2 billion, establishing a new all-time high. This achievement demonstrates the strong demand for Tether tokens and individuals’ desire for financial freedom….

    Article 2023年6月5日
TOP