Black Basta Ransomware Attack Hits ABB’s Active Directory | May 2023
Recent Headlines
ABB Confirms Ransomware Attack
ABB also acknowledged an incident took place in a press release on their website.
Tech Monitor reports “Hundreds of devices at the automation specialist are said to be out of action as it battles the effects of the breach.” Other sources say the attack disrupted the company’s operations, delaying projects and impacting the factories. They go on to note that ABB has been the biggest victim of Black Basta so far. The previous largest victim was Capita, a U.K. based outsourcing firm, and is expected to cost up to $25 million.
Attacks to Active Directory Increasing
Attacks to Active Directory Increasing
AD is used by roughly 90% of global organizations and is known as the most commonly used authentication and authorization system in the world. How much would it cost if it were taken down by a cyberattack? ABB has over 100,000 employees, most relying on Active Directory (AD) to log onto their PCs and access their email, word, productivity applications, and more. How many dollars are lost on salary if these employees can’t work? With an average employee salary of $75,000/year, that’s over $20 million – A DAY!
This is just the cost of productivity for employees. What about the impact on suppliers and most importantly customers? Imagine customers not being able to purchase and consume your goods and services for just 3 days. What financial impact would that have? What reputation impact would that have?
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