Other ransomware groups engage in similar tactics, including Maze, DoppelPaymer and Sodinokibi. And after the company refused to pay, the criminals leaked the compromised data.
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2019 by the MalwareHunterTeam, the group continues to terrorize companies with a tactic called “double extortion,” meaning it steals the data and if their ransom demands aren’t met, the data is dumped on a criminal website for anyone to access.īesides, Software AG, Clop recently hit ExecuPharm, a biopharmaceutical company, in April. This also shows that threat actors are more motivated than ever and feel confident requesting exorbitant sums - likely due to past successes.”Ĭlop has emerged as a potent ransomware threat.
“An organization having deep pockets means attackers will devote vast resources towards compromising them, and more employees and networks means a larger attack surface. “Scale and clout do not make an organization immune from ransomware attacks, and often make them a more vulnerable target,” Dan Piazza, technical product manager for Stealthbits Technologies said, via email. She added, “With little risk of punishment and potentially multi-million dollar payoffs, these attacks will continue until the equation changes.” Clop’s Clout The best we can do is keep our defenses up to date, including behavioral analytics tools that can identify new attack vectors, and educate our users to reduce the attack surface.” Even with a complete security stack and a mature security operations team, organizations can still be vulnerable. “This recent attack against Germany’s Software AG is one of the largest ransomware attacks, but it will certainly not be the last. “Ransomware gangs are becoming bolder and more sophisticated, going after larger and more lucrative targets with their criminal attacks,” said Saryu Nayyar, CEO at Gurucul, via email. The company has shut down internal systems as a security precaution – as of the time of this writing, the effects of the cyberattack are dragging on. “There are still no indications for services to the customers, including the cloud-based services, being disrupted.” “Today, Software AG has obtained first evidence that data was downloaded from Software AG’s servers and employee notebooks,” the company said in its follow-up statement. And on Saturday, it admitted that the data was being released, according to Bloomberg.
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Just days later, the company had to admit that Clop was, in fact, able to access and download customer data. The company released a statement on October 5 publicly announcing the attack, adding, “While services to its customers, including its cloud-based services, remain unaffected, as a result, Software AG has shut down the internal systems in a controlled manner in accordance with the company’s internal security regulations,” the statement read.īut that assessment turned out to be prematurely rosy. The Clop ransomware cybercriminals were able to infiltrate the company’s systems in early October. The company isn’t paying a mammoth $23 million ransom (so far), and over the weekend it confirmed that the crooks were releasing company data, according to reports. Clop and the group’s signature malware has struck again - this time hitting a giant target in the form of German software conglomerate Software AG.
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