Cognizant faced Maze Ransomware attacks
By MYBRANDBOOK
IT services provider Cognizant said that it had faced a ransomware attack that has caused disruptions to its clients.
“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,” confirms the official website statement.
The Maze ransomware was discovered in 2019 and has since gained notoriety.
Cognizant added that it is taking stock of the incident and said it is communicating with clients on the measures to be taken by them.
Typically the goal of any ransomware attack is to infect computers in a network and encrypt files on these computers and then demand a ransom to recover the files.
“Maze ransomware operators are known to conduct their attack below the surface and have a reputation of stealing the data first before locking their target systems. They fully understand their victim's reputational risks, and hence their approach is "steal, lock and inform",” said Beenu Arora, CEO and co-founder of US-based cyber security company, Cyble.
Cognizant has not yet been named on a website that is associated with Maze attackers. The website has named other companies in the past for failing to comply with Maze related ransomware demand.
Arora further said that the ransomware group in this case understands the brand value of the organization. It has turned into a well-funded network in recent months he said, “This is mainly due to successful ransomware attacks due to growth of their affiliates, organizations increasingly paying ransomware extortions and certain cyber insurance companies negotiating with the ransomware operators and to make payments.”
When contacted, Cognizant spokesperson said that the company did not have further comments on the matter beyond the statement.
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