HSPG & Associates Ransomware Attack: Cyber Security Threat
Incident Date:
April 5, 2024
Overview
Title
HSPG & Associates Ransomware Attack: Cyber Security Threat
Victim
HSPG & Associates
Attacker
Snatch
Location
First Reported
April 5, 2024
HSPG & Associates Suffers Ransomware Attack by Snatch Group
About HSPG & Associates
HSPG & Associates is a firm that provides tax, accounting, auditing, internal control consulting, and contract CFO services to businesses and individuals in both the public and private sectors. They were founded with the belief that serving others with integrity is their honor and privilege. This company serves clients of all sizes, indicating a significant presence in the accounting industry. Based on the information gathered from the search results obtained, HSPG & Associates has a company size that ranges from 10 to 50 employees.
Vulnerabilities and Targeting
It is known that ransomware attacks often exploit weaknesses in software, outdated systems, or human error to gain access to a network. In this attack we are also aware that Snatch Ransomware is known for its distinct modus operandi, which includes ransomware operations that involve the exfiltration of data and double extortion tactics. The ransomware attack on HSPG & Associates by Snatch is a reminder of the ongoing threat that cybercriminals pose to businesses in the finance sector.
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.