ABB Struck By Black Basta Ransomware
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The Swedish-Swiss robotics and automation multinational company ABB has been hit by a Black Basta ransomware attack which has affected business operations across the company.
On Friday 13th May, ABB confirmed that certain locations and services were impacted by an “IT security incident.” The company works with a large range of customers including Hitachi, Volvo and various governments.
On May 7th, the company fell victim to a cyber attack conducted by the Black Basta ransomware gang. This is the same form of attack used against Capita, the large British-bases outsourcing firm
ABB employs around 105K employees and has $29.4 billion in revenue for 2022. And as part of its services, the company develops industrial control systems (ICS) and SCADA systems for manufacturing and energy suppliers. ABB has a global presence, with operations on every continent. One arm of the company’s extensive business activities develops Industrial Control Systems (ICS). ICS is a critical part of the modern manufacturing system and a great for state-sponsored and financially motivated threat actors.
According to sources, hundreds of computers have been compromised as a result of a ransomware attack on the Windows Active Directory used by ABB.
According to ABB’s website, it offers cyber security consulting as a service and carries out security assessments through “multiple standard and custom assessments”. It also offers cyber security training and conducts awareness and education programs for employees.
Black Basta was first observed in April 2022 and is understood to be a rebranding of the infamous Conti ransomware group.
The Dark Web monitoring platform, DarkFeed report that Black Basta has struck 153 organisations since its strain of malware was first discovered. The group standard method is to use double-extortion tactics to intimidate victims into paying a ransom. Cyber criminals that use this model often publish stolen data in a dripfeed, pressurising victims to succumb to internal and external demands to pay the ransom.
Cyber security researchers have linked Black Basta with the FIN7 cyber crime group to the original Black Basta ransomware exploit in 2022. Amongst others, Black Basta has attacked the American Dental Association, Sobeys, Knauf, and Yellow Pages Canada.
ABB: Economic Times: Bleeping Computer: CyberNews: Information Security Buzz: The Record:
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