KICO Group Suffers Ransomware Attack

Company Overview

KICO Group is a leading supplier of automotive technology, offering a range of products including active and passive suspension systems, ISOFIX seat belt anchors, mechatronics systems, and active aerodynamics systems. The company prides itself on delivering high-quality solutions for automotive customers seeking perfection.

Industry Standing

In the manufacturing sector, a prominent entity stands out, particularly in automotive technology. Their specialization lies in mechatronics and active aerodynamics systems, distinguishing KICO Group from competitors, as these technologies are pivotal for modern vehicle performance and efficiency.

Vulnerabilities

The KICO Group, operating in data processing could faces ransomware threats due to software vulnerabilities. The RA Group, infamous for targeting healthcare and recent breaches in Las Vegas casinos, exploits vulnerabilities like CVE-2024-1708 and CVE-2024-1709 in ConnectWise ScreenConnect 23.9.7. To defend against ransomware, organizations should adopt cybersecurity best practices, assess their setups, and implement measures like offline backups. Regular testing and evaluation using tools like audits and penetration tests, along with adherence to standards like NCSC Cyber Essentials, can bolster defenses.

Sources

• KICO Group Website: https://www.kico.de
• Ransom.Wiki: Check if your company or partner appears in a claimed ransom attack breach. Victime: KICO. https://ransom.wiki
• Republic Asia: DICT: OWWA website cyber attack from China foiled. https://republicasiamedia.com/dict-owwa-website-cyber-attack-from-china-foiled/
• Information Technologies Institute: People publications EN. https://www.iti.gr/iti/en/people-publications-en/
• Privacy & Security Guides: PLAY ransomware family announced a massive ransomware attack totaling 16 victims. https://www.privacyaffairs.com/guides/