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Kaseya VSA Ransomware Attack
On 2 July 2021, a number of managed service providers (MSPs) and their customers became victims of a ransomware attack perpetrated by the REvil group, causing widespread downtime for over 1,000 companies. Company Kaseya Limited is an American software company founded in 2001. It develops software for managing networks, systems, and information technology infrastructure. Owned by Insight Partners, Kaseya is headquartered in Miami, Florida with branch locations across the US, Europe, and Asia Pacific. Since its founding in 2000, it has acquired 13 companies, which have in most cases continued to operate as their own brands (under the "a Kaseya company" tagline), including Unitrends. Timeline and impact Researchers of the Dutch Institute for Vulnerability Disclosure identified the first vulnerabilities in the software on April 1. They warned Kaseya and worked together with company experts to solve four of the seven reported vulnerabilities. Despite the efforts, Kaseya could not ...
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Managed Service Provider
Managed services is the practice of outsourcing the responsibility for maintaining, and anticipating need for, a range of processes and functions, ostensibly for the purpose of improved operations and reduced budgetary expenditures through the reduction of directly-employed staff. It is an alternative to the break/fix or on-demand outsourcing model where the service provider performs on-demand services and bills the customer only for the work done. Under this subscription model, the client or customer is the entity that owns or has direct oversight of the organization or system being managed, whereas the managed services provider (MSP) is the service provider delivering the managed services. The client and the MSP are bound by a contractual, service-level agreement that states the performance and quality metrics of their relationship. Advantages and challenges Adopting managed services is intended to be an efficient way to stay up-to-date on technology, have access to skills an ...
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Cloud Computing
Cloud computing is the on-demand availability of computer system resources, especially data storage ( cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over multiple locations, each of which is a data center. Cloud computing relies on sharing of resources to achieve coherence and typically uses a "pay as you go" model, which can help in reducing capital expenses but may also lead to unexpected operating expenses for users. Value proposition Advocates of public and hybrid clouds claim that cloud computing allows companies to avoid or minimize up-front IT infrastructure costs. Proponents also claim that cloud computing allows enterprises to get their applications up and running faster, with improved manageability and less maintenance, and that it enables IT teams to more rapidly adjust resources to meet fluctuating and unpredictable demand, providing burst computing capability: high computing p ...
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United States Department Of Justice
The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United States. It is equivalent to the justice or interior ministries of other countries. The department is headed by the U.S. attorney general, who reports directly to the president of the United States and is a member of the president's Cabinet. The current attorney general is Merrick Garland, who was sworn in on March 11, 2021. The modern incarnation of the Justice Department was formed in 1870 during the Ulysses S. Grant presidency. The department comprises federal law enforcement agencies, including the Federal Bureau of Investigation, the U.S. Marshals Service, the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Drug Enforcement Administration, and the Federal Bureau of Prisons. It also has eight major divisions of lawyers who rep ...
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Vladimir Putin
Vladimir Vladimirovich Putin; (born 7 October 1952) is a Russian politician and former intelligence officer who holds the office of president of Russia. Putin has served continuously as president or prime minister since 1999: as prime minister from 1999 to 2000 and from 2008 to 2012, and as president from 2000 to 2008 and since 2012. Putin worked as a KGB foreign intelligence officer for 16 years, rising to the rank of lieutenant colonel before resigning in 1991 to begin a political career in Saint Petersburg. He moved to Moscow in 1996 to join the administration of president Boris Yeltsin. He briefly served as director of the Federal Security Service (FSB) and secretary of the Security Council of Russia, before being appointed as prime minister in August 1999. After the resignation of Yeltsin, Putin became Acting President of Russia and, less than four months later, was elected outright to his first term as president. He was reelected in 2004. As he was constitutionall ...
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WannaCry Ransomware Attack
The WannaCry ransomware attack was a worldwide cyberattack in May 2017 by the WannaCry ransomware cryptoworm, which targeted computers running the Microsoft Windows operating system by encrypting data and demanding ransom payments in the Bitcoin cryptocurrency. It propagated by using EternalBlue, an exploit developed by the United States National Security Agency (NSA) for Windows systems. EternalBlue was stolen and leaked by a group called The Shadow Brokers a month prior to the attack. While Microsoft had released patches previously to close the exploit, much of WannaCry's spread was from organizations that had not applied these, or were using older Windows systems that were past their end-of-life. These patches were imperative to organizations' cyber security but many were not implemented due to ignorance of their importance. Some have claimed a need for 24/7 operation, aversion to risking having formerly working applications breaking because of patch changes, lack of person ...
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Marcus Hutchins
Marcus Hutchins (born 1994), also known online as MalwareTech, is a British computer security researcher known for stopping the WannaCry ransomware attack. He is employed by cybersecurity firm Kryptos Logic. Hutchins is from Ilfracombe in Devon. Early life Hutchins is the elder son of Janet Hutchins, a Scottish nurse, and Desmond Hutchins, a Jamaican social worker. Around 2003, when Hutchins was nine years old, the parents moved the family from urban Bracknell, near London, to rural Devon. Hutchins had shown early aptitude with computers and learned simple hacking skills early on such as bypassing security on school computers to install video game software. In addition, he spent time learning to be a surf lifeguard. He became involved with an online forum that promoted malware development, more as a means to show off their skills to each other rather than for nefarious purposes. When he was about 14 years old, he created his own contribution, a password stealer based on Inter ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service maintains 50 foreign news bureaus with more than 250 correspondents around the world. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, the BBC also has regional centres across England and national news c ...
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Kooperativa Förbundet
KF ( sv, Kooperativa Förbundet, "Co-operative Union") is a federation of consumer co-operatives in Sweden and a retail group, with groceries as its core business. History KF was founded in 1899 by 41 local consumer co-operatives in order to support them with information and education of store managers and board members. Soon KF also became responsible for common procurement of goods. In the 1930s KF expanded rapidly during the management of Albin Johansson, setting up various industries in order to support the co-operative grocery stores. 1950-1970 KF was at the forefront of the Swedish retail trade by developing new and bigger store formats and it was one of the major business groups in Scandinavia. In the beginning of the 1990s, as a response to a financial crisis, KF decided to sell out all its industries and focus on retail trade only. Around year 2000 KF formed the retail chain Coop Norden along with its Nordic co-operative counterparts, Danish FDB and Norwegian Coop NKL. ...
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Visma
Visma is a privately held company headquartered in Oslo, Norway, that provides business software and IT related development and consultancy. The company is majority owned by Hg, a private equity firm. The company was formed in 1996 in Norway, through the merging of Multisoft, SpecTec and Dovre Information Systems. The group comprises five business areas: SMB, Enterprise, Custom Solutions, Cloud Infrastructure Services and Commerce Solutions. Their services also include web-based accounting and invoicing and CRM. The Visma group operates across the entire Nordic region along with Benelux, Central and Eastern Europe. Organisation Visma SMB: The Software SMB division is headed by Division Director Steffen Torp. In 2016, the division had a revenue of NOK3,900 million. Out of Visma's 8,500 employees, 2,472 work in the SMB division. Visma Enterprise: The Enterprise division is headed by Division Director Nils Vold. In 2014, the division had a revenue of NOK1,689 million. Out of ...
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