Energy management and automation giant Schneider Electric suffered a Cactus ransomware attack leading to the theft of corporate data, according to people familiar with the matter.
BleepingComputer has learned that the ransomware attack hit the company's Sustainability Business division earlier this month on January 17th. The attack disrupted some of Schneider Electric's Resource Advisor cloud platform, which continue to suffer outages today.
The ransomware gang reportedly stole terabytes of corporate data during the cyberattack and is now extorting the company by threatening to leak the stolen data if a ransom demand is not paid.
While it is not known what type of data was stolen, the Sustainability Business division provides consulting services to enterprise organizations, advising on renewable energy solutions and helping them navigate complex climate regulatory requirements for companies worldwide.
The stolen data could contain sensitive information about customers' power utilization, industrial control and automation systems, and compliance with environmental and energy regulations.
It is not known if Schneider Electric will be paying a ransom demand, but if one is not paid, we will likely see the ransomware gang leaking the stolen data as they have done after previous attacks.
In a statement to BleepingComputer, Schneider Electric confirmed that its Sustainability Business division suffered a cyberattack and that data was accessed by the threat actors.
From a containment standpoint, as Sustainability Business is an autonomous entity operating its isolated network infrastructure, no other entity within the Schneider Electric group has been affected.
From an impact assessment standpoint, the on-going investigation shows that data have been accessed.
As more information becomes available, the Sustainability Business division of Schneider Electric will continue the dialogue directly with its impacted customers and will continue to provide information and assistance as relevant.
Schneider Electric is a French multinational company that manufactures energy and automation products ranging from household electrical components found in big box stores to enterprise-level industrial control and building automation products.
Schneider Electric had $28.5 billion in revenue for the first nine months of 2023 and employs over 150,000 people worldwide.
Schneider Electric is expected to release its 2023 full-year financial results next month.
Schneider Electric was previously targeted in the widespread MOVEit data theft attacks by the Clop ransomware gang that impacted over 2,700 companies.
The Cactus ransomware operation launched in March 2023 and has since amassed numerous companies that they claim were breached in cyberattacks.
Once the threat actors gain access to a network, they quietly spread to other systems while stealing corporate data on servers.
After stealing the data and gaining administrative privileges on the network, the threat actors encrypt files and leave ransom notes behind.
The threat actors will then conduct double-extortion attacks, which is when they demand a ransom to receive both a file decryptor and promise to destroy and not leak stolen data.
For those companies who do not pay a ransom, the threat actors will leak their stolen data on a data leak site.
At this time, there are over 80 companies listed on Cactus' data leak site whose data has been leaked or the threat actors warn they will do so.
This Cyber News was published on www.bleepingcomputer.com. Publication date: Mon, 29 Jan 2024 20:10:12 +0000