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   * Cybersecurity Training SolutionsCreate a culture of security in your
     company with the advanced training tools of ATTACK Simulator.
     * Phishing SimulationsRead about ATTACK Simulator’s practical strategy.
     * Educational PlatformFind more details about our Educational Strategy
     * Interactive Cybersecurity GamesWe’re working on a brand new Interactive
       Strategy
     * Use CasesFind out why is ATTACK Simulator the perfect fit for your
       company
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       fantastic features they pack
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JULY 30 RANSOMWARE ATTACK ON CONSULTING GROUP ACCENTURE, CONFIRMED

by Diana Panduru | August 14, 2021 | Cybersecurity News

Global consulting group Accenture reportedly confirmed on August 13 that
cybercriminals stole client data and work materials in a ransomware attack that
hit the company on July 30.

Table Of Contents
 1. Backups Saved The Day After The Ransomware Attack
 2. Was The Ransomware Attack An Inside Job?
 3. Vulnerabilities Exploited?

CyberScoop quoted Accenture’s internal memo: “While the perpetrators were able
to acquire certain documents that reference a small number of clients and
certain work materials we had prepared for clients, none of the information is
of a highly sensitive nature.” The memo minimizes the actual impact of the
recent ransomware attack.

LockBit ransomware-as-a-service (RaaS) published the name and logo of Accenture,
one of its most recent victims, earlier this week.

Accenture works with a wide array of clients: 91 of the Fortune Global 100 and
over three-quarters of the Fortune Global 500. Heavy names are on that list,
including giants such as Alibaba, Cisco, and Google. Accenture is one of the
largest tech consultancy firms worldwide, with more than 550,000 employees in 50
countries.



LockBit put up for sale Accenture databases on its Dark Web site, not missing
the opportunity to add an acid comment on Accenture’s weak security.

> “These people are beyond privacy and security. I really hope that their
> services are better than what I saw as an insider. If you are interested in
> buying some databases, reach us.”
> 
> LockBit post

LockBit dark-web site screen capture. Source: Cybereason.

When the ransom payment clock’s countdown reached the end, a data leak site
showed a folder that contained PDF files allegedly stolen from Accenture,
according to Security Affairs. The attackers announced that they were preparing
to leak the documents stolen from the company at 17:30:00 GMT.

LockBit countdown clock. Source: Cyble.


BACKUPS SAVED THE DAY AFTER THE RANSOMWARE ATTACK

“Through our security controls and protocols, we identified irregular activity
in one of our environments. We immediately contained the matter and isolated the
affected servers,” Accenture stated. “We fully restored our affected systems
from backup, and there was no impact on Accenture’s operations, or on our
clients’ systems.”

The LockBit cybercriminals group is similar to DarkSide and REvil: LockBit uses
an affiliate program to rent out its ransomware platform, demanding a share of
any resulting ransom payments.

“The wallpaper displayed on compromised systems now includes text inviting
insiders to help compromise systems – promising payouts of millions of dollars,”
Tony Bradley, Cybereason, wrote.


WAS THE RANSOMWARE ATTACK AN INSIDE JOB?

Cyble indicated in a Tweet that this might be an inside job. “We know #LockBit
#threatactor has been hiring corporate employees to gain access to their
targets’ networks,” the firm tweeted.

Cyble also reported that LockBit demanded $50 million in ransom. The attackers
claimed themselves that the ransomware attack was an insider job  “by someone
who is still employed there.”


VULNERABILITIES EXPLOITED?

Ron Bradley, vice president of third-party risk-management firm Shared
Assessments, stated that the recent Accenture data leak incident is “a prime
example of the difference between business resiliency and business continuity.
Business resiliency is like being in a boxing match, you take a body blow but
can continue the fight. Business continuity comes into play when operations have
ceased or severely impaired and you have to make major efforts to recover.“

“This particular example with Accenture is interesting in the fact that it was a
known/published vulnerability,” Bradley continued. “It highlights the importance
of making sure systems are properly patched in a timely manner. The ability for
Accenture to manage the repercussions of potentially stolen data will be an
important lesson for many organizations going forward.”

Cybersecurity firm Vectra CEO Hitesh Sheth warned that all companies should
expect such attacks at any time.

“First reports suggest Accenture had data backup protocols in place and moved
quickly to isolate affected servers,” he told Threatpost on Wednesday. “It’s too
soon for an outside observer to assess damage. However, this is yet another
reminder to businesses to scrutinize security standards at their vendors,
partners, and providers. Every enterprise should expect attacks like this –
perhaps especially a global consulting firm with links to so many other
companies. It’s how you anticipate, plan for and recover from attacks that
counts.”

Ransomware’s no joke. Here, at ATTACK Simulator, we take it very seriously.

A painfully costly ransomware attack can happen at any time. Invest a small
amount today to protect your business’s tomorrow and possibly spare a fortune.
Get your quote for our comprehensive Security Awareness Training program here.

Sources:

ThreatPost threatpost.com/accenture-lockbit-ransomware-attack/

The Hill thehill.com/consulting-group-accenture-hit-by-cyberattack

BY DIANA PANDURU

Content writer for Attack Simulator. Passionate about all things writing and
cybersecurity, and obsessed with driving. I sometimes indulge in pencil drawing,
poetry, and cooking for fun.

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