The Conti ransomware gang has successfully managed to extort millions of dollars out of an organisation once again.
What’s notable on this occasion is that the Conti group’s corporate victim is ExaGrid, a backup company.
And according to reports, last month it shelled out $2.6 million worth of ransom in Bitcoin, after having had its systems encrypted and 800GB exfiltrated from its servers.
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ExaGrid is not just any old backup storage service company. No, the very first thing you see when you visit its website is a press release extolling the virtues of the “ransomware recovery solution” it launched last year:
The release of Software Version 6.0, which included a streamlined navigation experience, user interface improvements, security enhancements, and most notably, the Retention Time-Lock for Ransomware Recovery, making ExaGrid the only backup storage system on the market to offer a non-network-facing tier with immutable objects and delayed deletes for ransomware recovery solution.
Sounds like just the kind of product that might be handy to have in place before your company gets hit by… uh-oh.
The hackers claimed that they had stole financial and personal data related to ExaGrid’s customers and staff, including “commercial contracts, NDA forms, financial data, tax returns and source code.”
Ok, look. It’s very easily to smirk and giggle at a firm which tries to help prevent companies from falling foul of ransomware to itse ..
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