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Accenture LockBit Ransomware Attack: 5 Things To Know

Joseph F. Kovar

Accenture says it contained the LockBit ransomware attack, but cybersecurity industry observers say they are seeing some Accenture confidential data being released, with promises of more to come. CRN looks at what is known so far about the attack.

 

What Is LockBit

The attacker used LockBit to attack Accenture.

LockBit, according to New Zealand-based cybersecurity company and ransomware hunter Emisisoft, is a strain of ransomware that prevents users from accessing infected systems until a ransom payment is made.

“It has been highly active since it emerged in September 2019 and has impacted thousands of organizations around the world. Many of LockBit’s attack functions are automated, making it one of the most efficient ransomware variants on the market,” Emisisoft wrote in a blog post.

LockBit encrypts files using AES encryption, and typically demands a ransom in the high five-figures to decrypt the data. LockBit’s processes are largely automated, and so work with minimal human oversight once a victim is compromised, Emisisoft wrote. It can be used as the basis for a ransomware-as-a-service business model which lets ransomware developers use it in return for a portion of the ransom payments received.

 

 
Learn More: Cloud Security
Joseph F. Kovar

Joseph F. Kovar is a senior editor and reporter for the storage and the non-tech-focused channel beats for CRN. He keeps readers abreast of the latest issues related to such areas as data life-cycle, business continuity and disaster recovery, and data centers, along with related services and software, while highlighting some of the key trends that impact the IT channel overall. He can be reached at jkovar@thechannelcompany.com.

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