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Kaseya ransomware attack wreaks havoc around the world

Businesses around the globe are dealing with another big ransomware attack, linked to the Russia-connected REvil group that previously hacked meat processor JBS.

Catch up quick: The new attack exploits a flaw in software that middleware provider Kaseya supplied to customers, who are themselves companies that provide managed services to other businesses.

The big picture: This is a spectacularly successful example of a software supply chain attack — where hackers use vulnerability in a supplier's code to access all its customers' systems.

Yes, but: There's a strong case that managed services providers prevent more attacks than they cause, writes Bloomberg columnist Tim Culpan.

What they're saying:

  • Crowdstrike co-founder and former CTO Dmitri Alperovitch: "This is without a doubt going to turn out to be the biggest, most destructive ransomware campaign that we've seen so far."
  • U.S. Chamber of Commerce senior VP Christopher Roberti: "The U.S. government must take the fight to these foreign cybercriminal syndicates."

Go deeper:The ransomware pandemic

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