Tri-Supply - Austin Targeted by Alphv Ransomware Group

Company Overview

Tri-Supply - Austin is a retail company that offers a wide array of products and services, including financing options such as 12 months financing on all products store-wide, subject to credit approval.

Company Size and Industry Standout

The specific size of Tri-Supply - Austin is not detailed in available data. Nonetheless, it is part of the retail sector, a critical industry often targeted by ransomware attacks. Notably, in 2022, the education, government, and healthcare sectors were the most targeted, with financial institutions experiencing ransomware attacks at a rate of 90%.

Vulnerabilities and Targeting

Ransomware attacks, which encrypt files to render them unusable and then demand a ransom for decryption, have increasingly targeted state, local, tribal, and territorial (SLTT) government entities and critical infrastructure organizations. While the specific vulnerabilities exploited in the attack on Tri-Supply - Austin by the Alphv group are not disclosed, it is recognized that 62% of ransomware infiltrations succeed through phishing tactics.

Mitigating Ransomware Attacks

To reduce the risk of ransomware attacks, organizations are advised to implement several strategies, including the creation of backups, prompt installation of software patches, and the activation of multi-factor authentication for login systems.

Sources

• Tri-Supply - Austin Website: https://trisupplyhome.com/
• Spin.AI Ransomware Tracker 2024: https://spin.ai/resources/ransomware-tracker/
• Ransomware Attack Hits Major Farming Equipment Maker AGCO: https://www.pcmag.com/news/ransomware-attack-hits-major-farming-equipment-maker-agco
• Ransomware Attack Costs Hanesbrands $100 Million in Lost Sales: https://www.pcmag.com/news/ransomware-attack-costs-hanesbrands-100-million-in-lost-sales
• List of Victimized Companies of MOVEit Cyber Attack: https://www.cybersecurity-insiders.com/list-of-victimized-companies-of-moveit-cyber-attack/
• Ransomware Attack List and Alerts: https://cloudian.com/ransomware-attack-list-and-alerts/