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July 7, 2021 | Updated on: March 22, 2024 | Reading time 6 minutes

The Most Recent Cyberattacks – July 2021

Many companies do not perceive cyber incidents as likely events. Such perception creates a false sense of security and causes inevitable mistakes. In the present article, we’ll list the recent cyberattacks on companies. Its purpose is to demonstrate the likelihood of adverse cyber events and their possible outcomes.

Recent Cyberattacks of Q2, 2021

Microsoft’s SMB protocol vulnerability

In June, over 2,000 entities from the United States Vietnam, and India suffered a cyberattack that exploited Microsoft’s vulnerability. These are mostly health, tourism, communications, and education organizations. The cybercriminals used about 1,300 locations to carry out the attack. They acquired unauthorized access to the servers and stole multiple data entries to sell both access and information on Dark Web.

Ransomware infects companies through their IT management system

A group of hackers managed to breach an IT company Kaseya and compromise one of their main applications VSA. As a result, over 200 US companies and up to 1,500 businesses around the world suffered the attack with their data being decrypted. The criminals demand $70 million in bitcoin in exchange for the decryption key. President Joe Biden intervened to investigate the case.

Cyberattack on US critical infrastructure

Criminals infected the system of Colonial Pipeline with ransomware. This event disrupted the company’s operation wreaking havoc in the country. Despite safety precautions, many end users tried to buy as much gasoline as possible storing it in unsafe containers. The company had to pay $4.4M ransom.

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Product Manager

About Author

Will Tran is the Product Manager at Spin.AI, where he guides the product's strategic direction, oversees feature development and ensures that the solution solves his clients’ cybersecurity needs.

Will is a security professional who started his career at Lockheed Martin where he worked on National Security Space programs in business development and product management.

Will holds a BA in Economics and Mathematics from UCSB and an MBA with a specialization in Technology Management and Marketing from UCLA Anderson School of Management.

At Lockheed Martin, Will developed the multi-year strategy campaign and supported the product development of a national security satellite program for the United States Air Force, which resulted in a multi-billion dollar contract.

During business school, Will consulted 2 non-profit organizations as part of a series of national consulting case competitions. He set strategic priorities, optimized business operations, and developed a process to qualify new revenue streams for his non-profit clients. These initiatives resulted in 15-20% increase in annual surplus.

In his spare time, Will can be found at local coffee shops around Los Angeles, traveling to different countries, or hanging out with his cat.

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