According to Joe Biden’s statements on Friday, ransomware is a serious problem. This was after hackers stole software from Kaseya, a Miami-based IT provider. The breach affected hundreds of American businesses as 200 of their files were encrypted by attackers. Biden announced Friday that he has ordered an investigation into Florida’s exploited IT infrastructure.
Biden directs US Intelligence Agencies To Look into the Kaseya Ransomware Attack
Following the Colonial Pipeline ransomware attack, this past week an IT supplier called Kaseya was breached and the company’s software management tool called VSA was exploited. Investigators were alerted to the possibility of Russian gang involvement in Friday’s attack that affected many Kaseya clients. Huntress, a security firm, stated that they believe Russians were involved in the attack and blame Revil. Revil ransomware gange was also suspected of attacking JBS meatpacking company last month.
American president Joe Biden remarked during a public appearance that he had directed U.S. intelligence agencies to investigate the matter and that the U.S. would do something if Russia was found to be behind it. Biden met Vladimir Putin last month and stated that the United States would take action if ransomware attacks continue and are proven to be Russian. Biden stated that he was not sure who was behind the attack against the Florida IT company.
Although we initially thought it was the Russian government, we aren’t certain.
Fred Voccola, Kaseya’s chief executive said to the media that Kaseya had discovered the vulnerability and would release the patch “as quickly as possible” to help customers. John Hammond is a Huntress senior security researcher who stated that this one piece of software allowed hundreds of companies and individuals to be exploited. Hammond said that Friday’s attack was a devastating and colossal supply chain attack.
This Attack has forced agencies to investigate Crypto Ecosystem
Biden’s statements follow U.S. Department of State’s undersecretary of state for political affairs Victoria Nuland’s comments about the Colonial Pipeline hack. Nuland said that the U.S. State Department had taken a tough look at bitcoin after the Colonial Pipeline ransomware attack.
The U.S.-based energy firm Colonial Pipeline saw its infrastructure fold in May after a ransomware gang exploited the system. Colonial Pipeline then paid the hackers 75 bitcoin (BTC) to get its infrastructure back online. In June, however, U.S. law enforcement authorities claimed they had recovered the majority of the funds (63.70 BTC), that was supposed to be sent to ransomware gang members.
Before the Kaseya hack, Biden had published a Memorandum on Establishing The Fight Against Corruption As a Core United States National Security Interest” the first week in June. The administration explained that the directive was intended to strengthen national security.
One Kaseya hacker response team member stated that Friday’s breach sent out ransom demands to all businesses infected. Reuters reports that ransom demands of “a few thousand dollars up to $5 million or more” were made to clients infected by the Kaseya ransomware.
Barkha Jain is founder of TechVerbal. She is a techy nerd who loves to write about technology, new gadgets and crypto. She loves to travel and watch movies in her free time.