- July 7, 2021
- Posted by: Stratford Team
- Category: Business
Hackers hit a range of IT management companies and compromised their corporate clients by targeting a key software vendor called Kaseya. On Monday, the attackers requested a $70 million payment in bitcoin in exchange for a decryption tool that could help victims recover from the attack.
Given that the attack hit just before a holiday weekend, the full extent of the damage may not be known until this week. Here’s what we know so far.
On Friday afternoon, Kaseya was alerted to a potential attack involving a remote management software called VSA, the company said in a statement. Within an hour, it shut down access to that software in an effort to stem the attack’s spread. By Saturday, US officials said they were tracking the attack.
Kaseya provides technology that helps other companies manage their information technology — essentially, the digital backbone of their operations. In many cases, Kaseya sells its technology to third-party service providers,…
