Security Market Segment LS
Tuesday, 17 November 2020 06:08

Melbourne firm says Windows ransomware threat dealt with promptly Featured

The Flinders Street railway station, an iconic building housing in Melbourne the city where Nexia has its offices. The Flinders Street railway station, an iconic building housing in Melbourne the city where Nexia has its offices. Supplied

An Australian firm that was hit by the Windows REvil ransomware earlier this month has said that it has dealt with the incident fully, having been ready to do so by upgrading its defences over the last few years

Nexia Australia and New Zealand, a network of solutions-focused accountancy and consultancy firms, said in a statement on Monday that the incident had been dealt with jointly by its IT department and an external IT partner.

“From a business and client perspective, all the appropriate IT protocols were in place and the firewalls and anti-virus protection mechanisms were activated to immediately deal with this sort of business threat and protect all stakeholder files and privacy,” managing partner Paul Dal Bosco [below, right] said.

As has been reported in these columns, the company was first listed on the REvil web site on the dark web, and then taken off, before being reinstated.

REvil, which is also known as Sodinokibi, is one of a legion of ransomware groups that attack companies, steal data, then encrypt files on-site and seek to extort a ransom.It can only attack computers running Microsoft's Windows operating system.

Paul DB 1190The company is part of the Nexia International Group that reported revenue of about US$4.3 billion (A$5.9 billion) in 2019.

The attackers claim to have stolen 76GB of data during the incident. Nexia has denied this on more than one occasion.

Nexia said in the statement that it has "a robust IT infrastructure with appropriate business policies and processes... in place to be able to swiftly deal with these types of threats. Over the past few years, the firm has made major improvements to the IT infrastructure enabling it to defend such attacks".

The company said the incident had been noticed on 3 November and was immediately acted upon. "The matter was swiftly dealt with by Nexia’s IT providers and the company advised that there was no evidence of any movement of data or files," it said.

"As part of the process, strict protocols were followed, passwords were immediately changed, latest security upgrades were applied to servers, and firewalls were geo-locked."

ICT manager Angelo LoCastro said: “Nexia’s best option against ransomware was to have the appropriate protection in place where our software and anti-virus prevents the malicious spontaneous encryption of data. Once the ransomware is intercepted, the systems in place enable a position where it reverts the files back to their safe states.”

Dal Bosco added: “This type of threat is certainly a business-critical danger, which can be triggered quite innocently in any organisation. What you need to ensure is that you have the capacity and appropriate protections in place to prevent something like this escalating and causing significant harm to your business.

"Confidentiality of our data is paramount. In our case, the Nexia Melbourne IT Department and external IT providers were able to swiftly and immediately deal with all the issues to ensure the protection of our business and maintain the security and confidentiality of our important client and business information.”

Subscribe to ITWIRE UPDATE Newsletter here

Now’s the Time for 400G Migration

The optical fibre community is anxiously awaiting the benefits that 400G capacity per wavelength will bring to existing and future fibre optic networks.

Nearly every business wants to leverage the latest in digital offerings to remain competitive in their respective markets and to provide support for fast and ever-increasing demands for data capacity. 400G is the answer.

Initial challenges are associated with supporting such project and upgrades to fulfil the promise of higher-capacity transport.

The foundation of optical networking infrastructure includes coherent optical transceivers and digital signal processing (DSP), mux/demux, ROADM, and optical amplifiers, all of which must be able to support 400G capacity.

With today’s proprietary power-hungry and high cost transceivers and DSP, how is migration to 400G networks going to be a viable option?

PacketLight's next-generation standardised solutions may be the answer. Click below to read the full article.


WEBINAR PROMOTION ON ITWIRE: It's all about webinars

These days our customers Advertising & Marketing campaigns are mainly focussed on webinars.

If you wish to promote a Webinar we recommend at least a 2 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site and prominent Newsletter promotion and Promotional News & Editorial.

This coupled with the new capabilities 5G brings opens up huge opportunities for both network operators and enterprise organisations.

We have a Webinar Business Booster Pack and other supportive programs.

We look forward to discussing your campaign goals with you.


Sam Varghese

website statistics

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

Share News tips for the iTWire Journalists? Your tip will be anonymous




Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News