IndianEra > Indian-Americans > Cognizant Suffers Maze Ransomware ‘Cyberattack’

In a major setback incident, New Jersey-based IT service provider ‘Cognizant‘ has suffered a severe cyberattack.

And, Maze Ransomware has been reportedly held responsible for this attack.

In a media statement, the company said this attack will result in a service interruption for its users and also puts the company at risk.

“Cognizant can confirm that a security incident involving our internal systems, and causing service disruptions for some of our clients, is the result of a Maze ransomware attack,” Cognizant confirmed in a release.

It is believed that the ransomware has attacked the company’s customers through a US-based service provider and might have resulted in the theft of their personal data documents.Cognizant

“Our internal security teams, supplemented by leading cyber defense firms, are actively taking steps to contain this incident. Cognizant has also engaged with the appropriate law enforcement authorities,” the company adds.

“We are in ongoing communication with our clients and have provided them with Indicators of Compromise (IOCs) and other technical information of a defensive nature,” the company said in a statement.

According to the related monitoring team, a USD 200,000 worth deal involving the purchase of access to Cognizant’s systems has happened a week before the incident.

IT Service Provider

This deal has reportedly involved another ‘major IT service provider’ at the receiving end.

“Maze is ransomware created by skilled developers. McAfee noted in its examination of the code. It uses a lot of tricks to make analysis very complex by disabling disassemblers and using pseudocode plugins,” McAfee said in its examination.

“Although we are in the early stages of assessing this incident, the attack has caused and may continue to cause an interruption in parts of our business and may result in a loss of revenue and incremental costs that may adversely impact our financial results,” Cognizant said in its filing at the U.S. Securities and Exchange Commission (SEC) on April 20, 2020.

This incident is of high significance for companies across the world in the wake of ‘remote working’ due to coronavirus lockdown.

[Also Read: India Adopts ‘Work From Home’ For Govt. Employees]

And, it’s also high time for the companies to rethink of their security posture to avoid possible attacks until the lockdown is eased.

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Posted by IndianEra, 24/04/2020