clop attacks Pricedex Software Inc
Pricedex Software Inc. Suffers Ransomware Attack by Clop Group
Pricedex Software Inc., a leading provider of Product, Part & Pricing Information Management Systems for the automotive, commercial vehicle, and industrial service industries, has been targeted by the Clop ransomware group. The attack was announced on the Clop leak site, which also revealed that the victim's website is pricedex.com.
Pricedex Software Inc. is a significant player in the software sector, offering 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 are designed to increase sales, reduce returns, and enhance profits by ensuring the integrity of product information in a controlled, governed environment.
The company's size and industry positioning make it an attractive target for threat actors. The ransomware attack on Pricedex Software Inc. highlights the need for robust cybersecurity measures to protect sensitive data and maintain business continuity.
The Clop ransomware group, known for its double extortion scheme, has been active since 2019 and has been involved in several high-profile attacks, including those on South Staffordshire Water and JBS. The group's modus operandi involves exfiltrating data before encryption and threatening to release it if the ransom is not paid.
The attack on Pricedex Software Inc. underscores the importance of implementing strong cybersecurity measures to protect against ransomware attacks. Companies in the software sector should prioritize securing their systems and data to mitigate the risks associated with such attacks.
Sources
See Halcyon in action
Interested in getting a demo?
Fill out the form to meet with a Halcyon Anti-Ransomware Expert!