mindware attacks Simpson

Incident Date:

May 5, 2022

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Overview

Title

mindware attacks Simpson

Victim

Simpson

Attacker

Mindware

Location

Birmingham, USA

Alabama, USA

First Reported

May 5, 2022

Simpson Plastering Targeted by Ransomware Group Mindware

Company Overview

Simpson Plastering, a stucco contractor, focuses on both residential and commercial projects. Despite the lack of detailed information on its website regarding the company's size, market capitalization, or employee count, its operations in Birmingham, AL, and Charlotte, NC, indicate a significant regional presence.

Vulnerabilities and Targeting

The construction industry is increasingly recognized as a lucrative target for cyberattacks, primarily due to the potential exposure of confidential and proprietary information. The sector's limited regulation and guidance on cybersecurity, combined with the growing use of advanced technologies such as machine learning and robotics, heighten the risk. These technologies necessitate thorough data security and privacy risk assessments alongside the implementation of robust controls.

Ransomware Attack Impact

Ransomware attacks, characterized by the encryption of data to render systems and applications inoperable, can significantly disrupt a company's IT infrastructure. For Simpson Plastering, this could mean operational downtime and substantial financial losses, highlighting the critical nature of robust cybersecurity measures.

Response and Recovery

While specific details of Simpson Plastering's response to the ransomware attack are not disclosed, it is noted that the company has initiated containment measures, including taking certain systems offline. The ongoing investigation aims to determine the full scope and impact of the incident.

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.