IoT Vendor Sierra Wireless Reports Ransomware Attack

Cybercrime, Endpoint Safety, Fraud Administration, and Cybercrime

A number of programs affected, together with manufacturing and inside IT operations

Doug Olenick (DougOlenick) •
March 23, 2021

Canadian Web of Issues maker Sierra Wi-fi reported at present that it suffered a ransomware assault over the weekend that pressured it to cease manufacturing at its manufacturing websites.

See additionally: Dwell webinar | Mitigating the dangers related to distant working

In a 6K submitting from the Securities and Trade Fee on March 23, the corporate introduced that the assault started on March 20 and that its IT and cybersecurity groups are working with outdoors consultants to repair Sierra Wi-fi’s inside IT programs to place it again on-line.

“On the time, Sierra Wi-fi believed that the affect of the assault on Sierra Wi-fi programs was restricted as a result of the corporate maintains a transparent separation between its inside IT programs and customer-facing services and products,” the SEC reported .

The Vancouver-based firm finds that the assault disrupted its web site and different unspecified inside course of. The web site was now not accessible as of late Tuesday afternoon. The corporate has not reported what sort of ransomware it’s or whether or not it has obtained a ransom notice.

A request to the corporate for extra info was not returned.

“The corporate expects to renew manufacturing at these services and to renew regular operations quickly,” stated Sierra Wi-fi’ submitting, though there was no particular timeframe for resumption of operations.

The ransomware assault resulted within the firm withdrawing its monetary steering for the primary quarter of 2021, which it launched on February 23. In keeping with Google Finance, the corporate had gross sales of $ 448.6 million in 2020.

Sierra Wi-fi affords a variety of IoT connectivity and networking merchandise together with routers, modems, gateways and mobile gadgets.

“This ransomware assault underscores the complexity and far-reaching injury of a B2B information breach. The incident impacts not solely Sierra Wi-fi itself, but additionally its clients, who depend upon up-to-date info to run their operations,” stated Stephan Chenette, co-founder and CTO at AttackIQ.

Ransomware vs. producer

PC maker Acer was reportedly hit by a cyber incident over the weekend. Printed reviews alleged the ransomware gang REvil was behind the assault and is demanding a $ 50 million ransom fee. The corporate has not confirmed any of those particulars (see: Acer allegedly focused by ransomware gang).

On March 11, Molson Coors Beverage Co. reported in an Eight-Ok SEC submitting cyber incident had occurred that resulted in system failures all through the brewer’s manufacturing course of. The corporate didn’t disclose how lengthy it took to get its programs again on-line (see: Beer Brewer Molson Coors Studies On Ongoing Cyber ​​Incidents).

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