Ransomware Attack on Better Accounting Solutions by Cyber Threats

Incident Date:

April 6, 2024

World map

Overview

Title

Ransomware Attack on Better Accounting Solutions by Cyber Threats

Victim

Better Accounting Solutions

Attacker

Ransomhub

Location

New York, USA

New York, USA

First Reported

April 6, 2024

Ransomware Attack on Better Accounting Solutions

Better Accounting Solutions is a small business that has been successful in providing quality accounting services to its clients while maintaining a personal touch. The company's mission is to bring quality accounting to small businesses everywhere.

This company has been the target of the attack group RansomHub group which has targeted various countries without following a specific pattern, and operates as a Ransomware-as-a-Service (RaaS) group, with affiliates receiving 90% of the ransom money and the remaining 10% going to the main group.

Vulnerabilities and Targeting

Remote working has left many businesses open to attack, as they may have implemented software that has yet to be secur. This vulnerability has made accounting firms, both large and small, attractive targets for ransomware attacks.Without a doubt, the ransomware attack on Better Accounting Solutions highlights the increasing threat of attacks on accounting firms, which hold a vast amount of sensitive information on their clients.

Mitigation Strategies

Accounting firms can take several steps, including keeping their software up to date, using strong passwords and multi-factor authentication, and backing up their data regularly. Developing a comprehensive response plan for a ransomware attack is also crucial, while employees should be regularly trained and tested to increase their security awareness.

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.