blackbasta attacks PRGX USA Inc
Incident Date:
May 2, 2022
Overview
Title
blackbasta attacks PRGX USA Inc
Victim
PRGX USA Inc
Attacker
Blackbasta
Location
First Reported
May 2, 2022
PRGX USA Inc. Suffers Ransomware Attack by BlackBasta
PRGX USA Inc., a business services company specializing in source-to-pay (S2P) analytics, 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 PRGX operates in the Business Services sector and is known for its data-driven approach to finance, procurement, and shared services, leveraging technology to optimize processes and ensure contract compliance.
Company Overview
PRGX Global, Inc. is a leading provider of source-to-pay analytics and services, helping businesses achieve healthier margins and improve profitability. The company offers a range of solutions, including merchandising & category management, finance & shared services, procurement, and internal audit, all aimed at enhancing operational efficiency and driving strategic financial planning.
Vulnerabilities and Impact
The specific details of the attack and its impact on PRGX are not publicly available. However, ransomware attacks typically involve the encryption of data, followed by demands for payment in exchange for the decryption key. The success of such attacks often depends on the target's cybersecurity posture, including the effectiveness of their antivirus software, patch management, and employee training.
Industry Context
The Business Services sector has seen a significant increase in ransomware attacks in recent years, with threat actors targeting companies that handle sensitive data and financial transactions. The sector's reliance on digital systems and the increasing use of cloud services have made it more vulnerable to cyber threats.
Mitigation Strategies
To mitigate the risks of ransomware attacks, companies should focus on strengthening their cybersecurity defenses, such as implementing robust antivirus software, regularly patching systems, and providing employee training on cybersecurity best practices.
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.