GATE Precast Suffers Ransomware Attack

GATE Precast, a leading provider of architectural precast concrete, has been targeted by the ransomware group BlackBasta. The attack was announced on the group's dark web leak site, and the victim's website is gateprecast.com. GATE Precast operates in the construction sector and is known for its partnerships with leading architectural firms, innovative formwork techniques, and commitment to quality and customer satisfaction.

Company Overview

GATE Precast is a subsidiary of GATE Petroleum Company, which was founded in 1960 by Herbert Hill Peyton. GATE Petroleum Company is a diversified company headquartered in Jacksonville, Florida, and operates in various industries including retail convenience stores, fleet and fuel services, car washes, hospitality, and real estate. GATE Precast has eight manufacturing facilities and a delivery area encompassing more than two-thirds of the U.S.

Vulnerabilities and Impact

Ransomware attacks can have significant consequences, including data theft and loss, system downtime, and financial damage. In the case of GATE Precast, the attack resulted in an unauthorized party gaining access to sensitive employee information, including names, Social Security numbers, addresses, dates of birth, direct deposit information, driver's license numbers, and passport numbers. The company was able to bring its systems back online without paying the hackers' ransom.

Mitigation and Response

While the specifics of GATE Precast's response to the attack are not publicly available, it is essential for companies to have robust cybersecurity measures in place to mitigate the risks of ransomware attacks. This includes regular software updates, employee training, and incident response plans.

The ransomware attack on GATE Precast highlights the ongoing threat of cybercrime in the construction sector. Companies must remain vigilant and invest in robust cybersecurity measures to protect against such attacks.

Sources

• Gate Precast Concrete | Architectural Precast Concrete
• Search Data Security Breaches | State of California - Department of Justice
• Gates Corporation Experiences Ransomware Attack Leading to Data Breach
• Ransom Everglades STEM Center - GATE Precast
• Gate Precast Company Profile