blackbasta attacks Gate Precast

Incident Date:

October 4, 2022

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Overview

Title

blackbasta attacks Gate Precast

Victim

Gate Precast

Attacker

Blackbasta

Location

Ashland, USA

Tennessee, USA

First Reported

October 4, 2022

GATE Precast Suffers Ransomware Attack

GATE Precast, a leading provider of architectural precast concrete, has been targeted by the ransomware group BlackBasta. The attack was announced on the group's dark web leak site, and the victim's website is gateprecast.com. GATE Precast operates in the construction sector and is known for its partnerships with leading architectural firms, innovative formwork techniques, and commitment to quality and customer satisfaction.

Company Overview

GATE Precast is a subsidiary of GATE Petroleum Company, which was founded in 1960 by Herbert Hill Peyton. GATE Petroleum Company is a diversified company headquartered in Jacksonville, Florida, and operates in various industries including retail convenience stores, fleet and fuel services, car washes, hospitality, and real estate. GATE Precast has eight manufacturing facilities and a delivery area encompassing more than two-thirds of the U.S.

Vulnerabilities and Impact

Ransomware attacks can have significant consequences, including data theft and loss, system downtime, and financial damage. In the case of GATE Precast, the attack resulted in an unauthorized party gaining access to sensitive employee information, including names, Social Security numbers, addresses, dates of birth, direct deposit information, driver's license numbers, and passport numbers. The company was able to bring its systems back online without paying the hackers' ransom.

Mitigation and Response

While the specifics of GATE Precast's response to the attack are not publicly available, it is essential for companies to have robust cybersecurity measures in place to mitigate the risks of ransomware attacks. This includes regular software updates, employee training, and incident response plans.

The ransomware attack on GATE Precast highlights the ongoing threat of cybercrime in the construction sector. Companies must remain vigilant and invest in robust cybersecurity measures 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.