RansomHub Targets CYNC Solutions: A Cybersecurity Threat to IT Solutions Provider
Incident Date:
April 20, 2024
Overview
Title
RansomHub Targets CYNC Solutions: A Cybersecurity Threat to IT Solutions Provider
Victim
CYNC Solutions
Attacker
Ransomhub
Location
First Reported
April 20, 2024
RansomHub Targets CYNC Solutions in Recent Ransomware Attack
Overview of CYNC Solutions
CYNC Solutions, a prominent IT solutions provider based in Temecula, California, specializes in strategic and tactical technology consulting, project management, and network security services. Founded in 2019, the company emerged from a buyout of partners from its previous incarnation, bringing over 50 years of combined industry experience to the table. Just in 2019 the company reported a revenue of $4.3 million. The company operates an additional office in Ringgold, Georgia, and has built a reputation for delivering innovative technology strategies and executing complex projects.
Attack Details
RansomHub, a notorious cybercriminal group notorious for its aggressive tactics, has recently targeted CYNC Solutions as one of its victims. This alarming development came to light on RansomHub's dark web leak site, where they typically expose data from entities that refuse to comply with their extortion demands. Operating on a global scale and recruiting affiliates through the RAMP forum, RansomHub incentivizes its partners with a significant share of ransom proceeds, perpetuating a destructive cycle of cybercrime.
Vulnerabilities and Industry Impact
The company's focus on network security and technology consulting makes it a significant target for ransomware attacks. Their access to sensitive client data and its integral role in the telecommunications sector heighten its appeal to cybercriminals. The attack not only jeopardizes sensitive data but also threatens the operational integrity of CYNC Solutions, potentially impacting its clients across various sectors.
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.