ASCO Sends Workers Home After Ransomware Attack
Aeroplane parts manufacturer sends home 1,000 of 1,400 workers after being crippled by ransomware.
A ransomware attack on one of the world’s largest suppliers of aeroplane parts, has caused it to cease production in factories across four countries.
ASCO Industries based in Belgium has also reportedly had to send home the vast majority of its workforce after the ransomware attack last Friday (7 June).
In March this year, a ransomware attack crippled the operations of large Norwegian manufacturing firm Norsk Hydro. The company estimated that it lost more than $40m in the week following that attack.
And now ASCO has become the latest firm to be impacted by ransomware, although the company is not at the moment saying anything officially about the attack.
ASCO has offices and production centres in Belgium, Germany, Canada, the US, and offices in Brasil and France.
According to VRT, the police has been notified, and the firm has brought in external experts to investigate.
The company has apparently ceased production in all of its production centres, but it has not confirmed whether the ransomware has spread to those systems, or whether the move was simply a way to stop the ransomware spreading.
Other media reports suggest the firm has sent home 1,000 of its total 1,400 workforce.
It is also not clear at this stage whether ASCO is paying the hackers, or whether it is trying to recover its systems via backups.
Security experts were quick to highlight the dangers posed by ransomware attacks.
“The attack against ASCO has once again highlighted the dangerous power of ransomware,” said Andrea Carcano, CPO of the co-founder of Nozomi Network. “The attack has brought operations to a halt and resulted in over a thousand employees being sent home which will be having a significant impact on the organisation financially.”
“When it comes to ransomware, prevention is always better than cure as, if infected, it is never advisable to pay the ransom as it is not guaranteed that the criminals will honour the agreement and restore systems/data,” said Carcano. “Organisations should prepare for these types of events and have an incident response plan in place to help limit the damage caused, not only to production but also to customer trust and brand reputation.”
This point was echoed by another expert who said that businesses have to prepare to be targetted by cybercriminals, and he noted the secretive way that ASCO is dealing with the attack.
“Airplane manufacturer ASCO being hit by ransomware continues the trend of cybercriminals focusing their efforts on industry and manufacturing as their targets – recognizing the costly and disruptive effect such a shutdown will have on the business,” explained Shlomie Liberow, technical program manager at HackerOne.
“This comes only a few months after Norsk Hydro was also shut down by ransomware – however, Norsk showed the world that while ransomware is costly and devastating in the moment, it doesn’t have to have a lasting effect on reputation as the open and transparent way Norsk dealt with the attack resulted in a rise in share price,” said Liberow.
“Public understanding of ransomware is on the rise so if ASCO reacts quickly and in a way that keeps relevant stakeholders informed, hopefully, it will see no lasting damage to reputation,” Liberow said.
Another expert agreed that ransomware is a growing risk.
“Ransomware continues to be a growing risk for many companies and once inside a network, unless there are controls in place to prevent the spread, it can take hold of the entire infrastructure rapidly,” said Javvad Malik, security awareness advocate at KnowBe4.
“It’s worth remembering that in most cases, the initial infection is through a phishing or spearphishing email, therefore it is important to train users and make them aware of the risks, so they can make better-informed decisions, and also escalate any potential issues where they may arise,” said Malik.
Whatever the experts may say, in April a study from Appriver revealed a worrying admission about the actions of companies after they are struck with a ransomware attack.
It found that more than half of executives (55 per cent) at small-to-medium-sized businesses (SMBs) in the US said they would pay hackers to recover their stolen data in ransomware attacks.
This directly contradicts the advice of nearly all security professionals, who urge firms not to pay but instead invest money in improving cyber defences and education, as well as ensuring that regular backups are carried out.
But it is not just companies that can be impacted by ransomware. The most famous case in recent years was probably the Wannacry ransomware scourge that infected computers around the world in 2017.
More recently, the east coast American city of Baltimore is slowly recovering after most of its computers and IT infrastructure were crippled after a devastating ransomware attack.
The cyberattack struck Baltimore’s computers on 7 May, and nearly a month later, most online city services and 10,000 computers remained crippled. That said, the city is now slowing recovering its systems.
Industry: Cyber Security News
- Information Security Risk Consultant, London. ISO 27005
REFCH7901 Information Security Risk Consultant, London. ISO 27005 Information Security Risk consultant needed for a London based client. The ability to achieve SC security clearance will be required. ISO 27005 Risk Assessment experience is essential. The role will cover, Risk identification, Assessment and Advisory consulting. This is a client facing role, single client- not multiple. Experience working with multiple teams and internal stakeholders is essential. The information Security Risk Consultant should ideally have a breath of information Security and IT technology based security experience. Prior experience within the public sector is desirable, but not essential. Broad knowledge across Security IT transformation, Cloud is also key. Broad experience across GRC, iso27001, NIST is key. Ongoing support and training provided. Apply today for more information, all details kept in confidence.
- Google Cloud platform Security Engineer, Contract, inside IR35
- United Kingdom
REF CH7897 Google Cloud platform Security Engineer, Contract, Inside IR35 Looking for a Google Cloud platform Security Engineer will define, document, design, implement, harden and generally improve the security capability of a Google Cloud Platform. The ability to configure, and deploy the following Google Cloud Platform security solutioons is essential; Command Security Centre, Cluster Security, APIGEE, GCP Cloud Armor Hands on technical expertise security experience with Terraform, Kubernetes Security, Container (Docker) security, Secret Manager is essential as is experience securing Google Kubernetes Engine Workloads. It is essential that you have a proven track record of securing a GCP environment and expertise in automating that with Terraform. Scripting experience with the above where appropriate is a key ability. You will be highly technical and have the ability to engage with stakeholders to ultimately deliver a secure and hardened Google Cloud Platform.
- Security Analyst, London. Financial Services. End user.
CH7885. Security Analyst, London. Financial Services. End user. Immediate role. £55,000 Security Analyst needed to monitor and manage a security suite of tools within Financial Servicecs end user . The Security Analyst will be responsible monitoring, configuring, fine tuning, incident management and generally improving the security tool capability. Specific experience with CyberArk, Tripwire Log Center and Tripwire Enterprise is highly desirable). Current experience with Vulnerability management and penetration testing is highly desirable. Specifically the ability to effectively manage 3rd party pen tests. You will be working within a specialist security team reporting to the CISO. Experience working within a regulated end user environment within financial services is highly desirable. This role will run a hyrbid working schedule, partly remote, partly office based in London (once permitted) This is an exclusive role to DCL Search & Selection. https://calendly.com/chris-holt/call-with-chris-holt-dcl-search
- IAM Consultant- Identity Governance
- United Kingdom
- Upto £80,000 plus benefits
Identity and Access Management Consutlant is required for this established business who put their employees first. the role entails • Develop and maintain IAM services. • Further develop IAM tool integration with Service Now to provide automated JML processes and application access requests and fulfilment. • Provide guidance over Role Based Access in terms of Location based Roles, Application Roles and Business Roles and act as SME over any future RBAC project. • Work closely with our other Technology teams on integrating IAM services with Technology and business systems to increase efficiency through automation around areas such as JML processes, application access request fulfilment and attestation. • Work with the Governance Risk & Compliance (GRC) team to provide application access attestations and toxic combination alerting and reporting. • Involvement with Identity Management initiatives such as Single Sign On (SSO) and Privileged Access Management (PAM), to ensure security and business processes are in line with industry best practice. • Assist in ensuring that all IAM capabilities are mapped to internal processes, policies, and standards. Develop metrics to measure and improve the alignment. • Complete monthly review and report on sensitive group access, i.e., service accounts, admin accounts, etc. validating I&O processes are effective. • Provide information to both internal and external Auditors in response to findings. • Collate audit evidence for AAF audit and control reviews, taking responsibility for identifying service and process improvements to ensure compliance with our controls and standards. We are looking for someone with Hands on technical experience with the IAM tools, you need to have been involved in the integration of the IAM solution into 3rd party software like Servicenow, You will have worked with an IAM tools that are focused into Identity Goveranance, like RSA, CA Identity Suite, Fischer Identity, Hid Global, IBM IGL, Net IQ Identity Goverance, Omada, Ping or Oracle Post covid, this role will invovle a mix of home and office work, the business have a number of office spread across the UK so locaton is flexible for this position