blackbasta attacks sole technology europe
Incident Date:
May 5, 2022
Overview
Title
blackbasta attacks sole technology europe
Victim
sole technology europe
Attacker
Blackbasta
Location
First Reported
May 5, 2022
Sole Technology: A Global Leader in Action Sports Brands Targeted by Blackbasta Ransomware Group
Company Overview
Sole Technology, established in 1986, has evolved into one of the world's largest private action sports companies. The company's portfolio includes renowned brands such as etnies, éS, Emerica, ThirtyTwo, Altamont Apparel, and STI. Sole Technology is dedicated to leading the global action sports industry, focusing on empowering youth culture, industry associates, and society at large.
Vulnerabilities and Attack Vectors
Ransomware attacks leverage various tactics, including exploiting vulnerabilities, brute-force credential attacks, social engineering, leveraging previously compromised credentials, or exploiting trust. While the specific attack vector used against Sole Technology remains undisclosed, it is noted that 32% of ransomware attacks in the past year began with an exploited vulnerability, highlighting the critical nature of this attack method.
Mitigation Strategies
To counteract the threat of ransomware, organizations are advised to adopt comprehensive security measures. These include deploying platforms for Endpoint Detection and Response (EDR), Security Orchestration, Automation and Response (SOAR), and active Attack Surface Management (ASM). Additionally, fostering good security practices such as phishing training and promoting password hygiene among employees is essential. Ensuring that systems are regularly updated and patched is also crucial in preventing the exploitation of known vulnerabilities.
The ransomware attack on Sole Technology underscores the imperative for organizations to remain vigilant and fortified against cyber threats. As the action sports industry expands, it is paramount for entities like Sole Technology to stay abreast of emerging cybersecurity challenges and to proactively defend their operations.
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.