Cartegraph Ransomware Attack

Company Size and Industry Standing

Cartegraph, a prominent software company known for its asset management solutions, has recently fallen victim to a ransomware attack orchestrated by the group Hiveleak. This incident was disclosed on Hiveleak's dark web leak site. Cartegraph is recognized for its collaboration with OpenGov, a pioneer in cloud software for state and local governments, aiming to enhance public sector operations.

The software industry, where Cartegraph is a key player, has experienced a surge in ransomware attacks. In 2023, the frequency of such incidents escalated by 50%, with 3,998 ransomware attacks being publicized on various leak sites, a significant increase from the 2,679 reported in 2022. The United States, hosting 610 of the Forbes Global 2000 companies, has become a prime target, representing nearly 31% of these top global enterprises.

Vulnerabilities and Targeting

Ransomware collectives, including Hiveleak, often exploit weaknesses in widely used enterprise solutions such as Citrix and VMware. The breach of Cartegraph underscores the critical importance of implementing stringent cybersecurity defenses to thwart these malicious endeavors.

Mitigating Ransomware Attacks

To diminish the threat posed by ransomware, entities must adopt an all-encompassing cybersecurity strategy. This approach should encompass regular updates to software systems, comprehensive training for staff on cybersecurity best practices, and the development of an effective incident response framework.

Sources

• CSO Online - Ransomware victim numbers rose by 50% in 2023
• Cybersecurity Ventures - Ransomware Report
• FBI - Ransomware
• U.S. Department of Justice - US and UK Disrupt Lockbit Ransomware Variant
• CISA - Report Ransomware