HSPG & Associates Ransomware Attack: Cyber Security Threat

Incident Date: Apr 05, 2024

Attack Overview
VICTIM
HSPG & Associates
INDUSTRY
Finance
LOCATION
USA
ATTACKER
Snatch
FIRST REPORTED
April 5, 2024

HSPG & Associates Suffers Ransomware Attack by Snatch Group

About HSPG & Associates

HSPG & Associates is a firm that provides tax, accounting, auditing, internal control consulting, and contract CFO services to businesses and individuals in both the public and private sectors. They were founded with the belief that serving others with integrity is their honor and privilege. This company serves clients of all sizes, indicating a significant presence in the accounting industry. Based on the information gathered from the search results obtained, HSPG & Associates has a company size that ranges from 10 to 50 employees.

Vulnerabilities and Targeting

It is known that ransomware attacks often exploit weaknesses in software, outdated systems, or human error to gain access to a network. In this attack we are also aware that Snatch Ransomware is known for its distinct modus operandi, which includes ransomware operations that involve the exfiltration of data and double extortion tactics. The ransomware attack on HSPG & Associates by Snatch is a reminder of the ongoing threat that cybercriminals pose to businesses in the finance sector.

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