BoltonUSA Suffers Ransomware Attack

BoltonUSA, a comprehensive service provider specializing in employee benefits, actuarial, investment, compensation, and HR consulting, recently fell victim to a ransomware attack orchestrated by the Clop group. With a 40-year history of serving a diverse clientele that includes the public and corporate sectors, multiemployer groups, nonprofit organizations, and the federal government, the incident underscores the persistent ransomware menace facing entities across various industries.

Company Size and Industry

As a mid-sized consulting firm, BoltonUSA boasts a national client base, upheld by its commitment to integrity and the delivery of superior services. The firm's proficiency is distributed across five key consulting divisions: Pension & Retirement, Health & Benefits, Investment, Rewards & Compensation, and HR Consulting.

Vulnerabilities and Mitigation

Ransomware perpetrators often target vulnerabilities stemming from outdated software, unpatched systems, or subpar password practices. To counteract these threats, it is imperative for organizations to engage in regular software updates, timely security patching, and the enforcement of robust password protocols. The adoption of multi-factor authentication, encryption techniques, and comprehensive data backup strategies further fortifies defenses against ransomware incursions.

The breach of BoltonUSA's security serves as a stark reminder of the omnipresent risk of ransomware. It is crucial for organizations to maintain a high level of vigilance and to deploy advanced cybersecurity measures to safeguard against such adversities.

Sources

• BoltonUSA: Who We Are and Our Expertise
• The Impact of High Inflation on Pension Plans - Bolton
• Russian National Charged with Ransomware Attacks Against Critical Infrastructure
• FACT SHEET: Ongoing Public U.S. Efforts to Counter Ransomware