clop attacks Pricedex Software Inc
Incident Date:
August 6, 2022
Overview
Title
clop attacks Pricedex Software Inc
Victim
Pricedex Software Inc
Attacker
Clop
Location
First Reported
August 6, 2022
Clop Ransomware Attack on Pricedex Software Inc.
Pricedex Software Inc., a leader in Product, Part & Pricing Information Management Systems for the automotive, commercial vehicle, and industrial service industries, has been targeted by the Clop ransomware group. The attack was announced on the group's dark web leak site, and the victim's website is currently under threat.
Pricedex Software Inc. is a Canadian company that specializes in providing product information management solutions to help companies rapidly launch new products, optimize pricing, and automate publishing and data exchange with trading partners. Their solutions aim to increase sales, reduce returns, and enhance customer and supplier relationships by ensuring the integrity of product information in a controlled, governed environment.
The company's size and industry positioning make it a valuable target for ransomware groups. Clop, known for its ransomware-as-a-service (RaaS) business model, has been active since 2019 and has targeted various industries, including the industrial sector, which accounted for 45% of incidents and 27% of tech organizations.
The vulnerabilities that led to Pricedex Software Inc.'s targeting are not explicitly mentioned in the available information. However, it is known that Clop ransomware encrypts files using AES+RSA algorithms and appends the .Clop extension to the encrypted files. The group also employs a double extortion scheme, exfiltrating confidential data before encryption and threatening victims with the public release of the stolen data if the ransom is not paid.
The Clop ransomware group has been involved in several other attacks, including those on Applexus, Spinneys, and ENS Security. The group's leak site lists these attacks, along with others, indicating their prolific activity in the ransomware landscape.
The Clop ransomware attack on Pricedex Software Inc. highlights the need for companies to maintain robust cybersecurity measures to protect against such threats. The incident underscores the importance of implementing security best practices, such as regular software updates, strong passwords, and employee training, to mitigate the risks of ransomware attacks.
Sources
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