Ransomware attack kept major energy industry contractor out of some systems for 6 weeks The Record from Recorded Future News

pppLeadershipppCybercrimeppNationstateppElectionsppTechnologyppCyber DailyppClick Here Podcastpp Free Newsletterpp Officials at a large energy industry and federal government contractor were locked out of company financial systems for six weeks due to a recent ransomware attack pp ENGlobal Corporation revealed the extended disruptions in an update to the US Securities and Exchange Commission on Monday evening pp The cybersecurity incident limited the Companys ability to access portions of its business applications that supported aspects of the Companys operations and corporate functions including financial and operating reporting systems for approximately six weeks the company said about a ransomware attack that began November 25 pp As of the date hereof the Companys operations and corporate functions have been fully restored and the Company believes that the threat actor no longer has access to the Companys IT system ENGlobal said pp The Oklahomabased firm warned that the incident also involved the threat actors access to a portion of the Companys IT system that contained sensitive personal information Those impacted by the data breach will be contacted according to the SEC filing  pp Documents filed with the SEC in December notified regulators of the ransomware attack and warned that the hackers encrypted data files after gaining access to IT systems ENGlobal had to restrict employee access to its IT system and limit it to only essential business operations  pp The company said it does not believe the attack will have a material impact on its financial position  pp ENGlobal Corporation designs and constructs automated control systems used by commercial companies and the federal government Founded in 1985 the company offers planning and facility design in the energy field in both the US and abroad It reported nearly 6 million in revenue last quarter and 184 million for the first nine months of the year  pp The company says it specializes in turnkey automation and instrumentation systems for the US Defense industry  pp No ransomware gang has ever taken credit for the attack on ENGlobal Corporation  pp The six weeks of outagesis longer than what most ransomware victims typically experience A survey published on Tuesday found that containment and remediation of an organizations ransomware attack took an average of 132 hours or about 17 working days pp Ransomware is more pervasive and impactful than ever with more organizations forced to suspend operations or experiencing major business failure because of attacks said Trevor Dearing director of critical infrastructure at cybersecurity firm Illumio which posted the survey results ppJonathan Greigppis a Breaking News Reporter at Recorded Future News Jonathan has worked across the globe as a journalist since 2014 Before moving back to New York City he worked for news outlets in South Africa Jordan and Cambodia He previously covered cybersecurity at ZDNet and TechRepublicppPrivacyppAboutppContact Uspp Copyright 2024 The Record from Recorded Future Newsp