We hope this is not a harbinger for the holiday shopping season, but Blue Yonder, a provider of digital supply chain and retail solutions is dealing with a “ransomware incident” and is working through a recovery process, according to SCMedia UK.
Maybe you noticed the line at your local Starbucks was especially long this week? The Wall Street Journal reported that payroll and staff scheduling systems at the coffee chain were impacted by the attack.
As organizations headed into U.S. Thanksgiving and the winter holidays, SCMedia UK reports that experts suspect the attack was calculated with attackers looking to disrupt the supply chain ahead of what is normally a big retail shopping season at grocery and other stores.
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Today’s MSSP Update
1. Funding round - Halcyon has closed $100 million in Series C funding led by Evolution Equity Partners with participation from Bain Capital Ventures (BCV), SYN Ventures, Harmony Group, Corner Capital Management, Dropbox Ventures, ServiceNow Ventures and existing investors. The round brings the total amount raised to $190M and values the company at $1B. The funding will be used to accelerate the company's growth and strengthen its position as the leading anti-ransomware platform provider. Halcyon’s solution is focused on recognizing when a ransomware payload is detonated and immediately reversing the effects, preventing ransomware actors from encrypting systems or exfiltrating data and thus destroying their ability to extort companies. Halcyon relies on AI for this as its platform is trained on ransomware strains and therefore can intercept encryption keys and recognize suspicious data movement.
2. Cloud services alerts rise - ReliaQuest’s quarterly attacker trends report shows that cloud services alerts increased by 20% due to rising cloud account usage during the quarter. "SocGholish" and "LummaC2" were the most frequently observed malware in customer incidents.
3. Simplifying cybersecurity reporting to corporate boards - SeeMetrics has launched a reporting tool designed for cybersecurity leaders to simplify their reporting to executive boards. For MSSPs, this works with their own company boards and with their customers’ boards. The company is currently working with three MSSPs. The company said the tool provides clear visual narratives on organizational performance and key improvement areas—without the need to translate complex technical language into business terms.
4. Automation for recovering backups - Commvault, a provider of cyber resilience and data protection solutions for the hybrid cloud, has introduced Clumio Backtrack, a new capability that will enable enterprises to use automation to rapidly revert objects – or pieces of data – stored in Amazon Simple Storage Service (Amazon S3) to a specific version at a specific point and time.
