Ransomware Attack on Chase D F Construction Group

Company Overview

Chase D F Construction Group, a prominent national full-service general contractor and construction manager, has been recognized as a Top 400 contractor in the United States by Engineering News Record. With its headquarters in Nashville, Tennessee, the company boasts a diverse portfolio, specializing in a variety of complex projects across sectors such as hospitality and logistics. To date, Chase D F Construction Group has successfully completed over 9000 doors in logistics-related projects, served over 150 repeat logistics clients, and executed projects worth over 1 billion dollars in logistics construction and 750 million dollars in hospitality construction.

Vulnerabilities and Targeting

The exact vulnerabilities exploited in the ransomware attack on Chase D F Construction Group remain unspecified. However, historical data indicates an uptick in phishing attacks targeting the construction sector, particularly from May to August 2021, which may have contributed to the company's susceptibility. The targeting by the ransomware group Alphv suggests that factors such as the company's industry prominence and potential cybersecurity weaknesses played a role in making Chase D F Construction Group an attractive target.

Response and Mitigation

Details regarding Chase D F Construction Group's response to the ransomware attack and subsequent mitigation strategies are not extensively documented. Nonetheless, it is imperative for organizations to adopt robust cybersecurity measures to thwart ransomware threats. Recommended practices include the implementation of multi-factor authentication, end-point detection and response systems, encryption, network segmentation, and the diligent patching and updating of systems.

Sources

• Carnegie Endowment for International Peace: Timeline of Cyber Incidents Involving Financial Institutions
• JPMorgan Chase: Are You Prepared for a Ransomware Attack?
• JPMorgan Chase: Fraud + Cybersecurity: Stay Vigilant. Stay Protected.