Alliance Steel: A Target for Ransomware Attacks

Alliance Steel Fabrication, a company specializing in structural steel fabrication and miscellaneous metal fabrication, has been targeted by the ransomware group Conti. The company operates in the construction sector and is known for its commitment to quality, on-time delivery, and ethical business practices.

Alliance Steel's website provides information about their services, which include structural steel fabrication, miscellaneous metal fabrication, CNC plasma shape cutting, UL listed wall panel systems, in-house steel detailing, and structural steel erection. The company also offers miscellaneous metal installation and is committed to providing a safe work environment, competitive wages, and opportunities for personal development.

The company's website does not provide information about the size of the company or its specific vulnerabilities that may have made it a target for ransomware attacks. However, the construction sector has been a frequent target for ransomware attacks, with 62% of successful infiltrations in ransomware attacks occurring via phishing.

In recent years, ransomware attacks have become increasingly prevalent among state, local, tribal, and territorial (SLTT) government entities and critical infrastructure organizations. The average total cost of a ransomware attack hit an astounding $4.3 million in 2022.

To mitigate the risks of ransomware attacks, organizations should implement measures such as real-time anti-malware protection, real-time network scanning, secure login credentials, two-factor authentication, and network segmentation. It is also crucial to develop a threat modeling system to understand who is attacking and why.

The ransomware attack on Alliance Steel highlights the need for increased cybersecurity measures in the construction sector. Companies should be vigilant about potential threats and implement robust security protocols to protect against ransomware attacks.

Sources

• Alliance Steel Fabrication & Alliance Steel Erectors
• Alliance Steel
• Ransomware Tracker 2024: Recent Ransomware Attacks - Spin.AI
• German Steel Plant Suffers Significant Damage from Targeted Attack
• Ransomware Groups - Ransom-DB