Pricedex Suffers Ransomware Attack by Clop Group

Pricedex, a leading provider of product, part, and pricing information management systems for the automotive, commercial vehicle, and industrial service industries, has been targeted by the ransomware group Clop. The attack was announced on the group's dark web leak site, with the victim's website being https://www.pricedex.com/.

Pricedex offers solutions that enable companies to rapidly launch new products, optimize pricing, and automate publishing and data exchange with trading partners. Their technology and deep business expertise aim to increase sales, reduce returns, and increase profits by ensuring the integrity of product information in a controlled, governed environment.

Analysis of the Attack

The size and specifics of Pricedex are not readily available in the search results. However, the company's focus on the automotive, commercial vehicle, and industrial service industries suggests a significant presence in the business services sector. The company's vulnerabilities in being targeted by threat actors are not explicitly stated in the search results. However, the prevalence of ransomware attacks in the business sector, with 71% of organizations worldwide experiencing at least one ransomware attack in 2022, indicates a high risk for companies in this sector.

The average total cost of a ransomware attack in 2022 was $4.3 million, and the average ransom payment was $812,360. The fact that Pricedex has been targeted by Clop, a known ransomware group, suggests that the company may have been vulnerable to the attack. The specifics of the attack, such as the ransom amount and whether it was paid, are not available in the search results.

Pricedex, a provider of product information management systems, has been targeted by the ransomware group Clop. The company operates in the business services sector and has been vulnerable to ransomware attacks, with the average cost of such attacks being high. The specifics of the attack, such as the ransom amount and whether it was paid, are not available in the search results.

Sources

• "Global Ransomware Report 2022" - Sophos State of Ransomware 2022
• "The Cost of a Ransomware Attack" - IBM Security Ransomware Report