alphv attacks Pinnacle Incorporated
Incident Date:
October 7, 2022
Overview
Title
alphv attacks Pinnacle Incorporated
Victim
Pinnacle Incorporated
Attacker
Alphv
Location
First Reported
October 7, 2022
Pinnacle Incorporated Suffers Ransomware Attack by Alphv Group
Company Overview
Pinnacle Solutions, an Akima Company, is a leading provider of innovative training and sustainment products and services. The company has major domestic and international contracts with the U.S. Army, U.S. Air Force, U.S. Navy, Boeing, Lockheed Martin, and Boeing Sikorsky Aircraft Support (BSAS).
Core Capabilities
Pinnacle Solutions offers a range of services, including engineering and product development, aviation maintenance and operations, aircraft modernization and sales, and technical publications development for domestic and international customers.
Vulnerabilities
The specific vulnerabilities that led to the ransomware attack on Pinnacle Incorporated are not mentioned in the search results. However, it is known that ransomware attacks often exploit weaknesses in software, outdated systems, or human error, such as phishing attacks.
Impact of Ransomware Attacks
Ransomware attacks can have significant financial and operational consequences for organizations. In 2022, 71% of organizations worldwide experienced at least one ransomware attack, with an average total cost of $4.3 million.
Mitigation Strategies
To mitigate the risk of ransomware attacks, organizations should implement robust cybersecurity measures, such as regular software updates, employee training, and backup and recovery plans.
The ransomware attack on Pinnacle Incorporated serves as a reminder of the ongoing threat posed by cybercriminals. Organizations must remain vigilant and proactive in their cybersecurity efforts to protect against such attacks.
Sources
Recent Ransomware Attacks
The Recent Ransomware Attacks (RRA) site acts as a watchtower, providing you with near real-time ransomware tracking of attacks, groups and their victims. Given threat actors’ overarching, lucrative success so far, ransomware attacks have become the most ubiquitous, and financially and informationally impactful cyber threat to businesses and organizations today.
The site’s data is generated based on hosting choices of real-world threat actors, and a handful of other trackers. While sanitization efforts have been taken, we cannot guarantee 100% accuracy of the data. Attack updates will be made as source data is reported by reputable sources. By viewing, accessing, or using RRA you acknowledge you are doing so at your own risk.