AmCham Shanghai Suffers Ransomware Attack

About AmCham Shanghai

AmCham Shanghai is a chapter of the American Chamber of Commerce, a global network of businesses that promotes trade and investment between the United States and other countries. The organization is part of the U.S. Chamber of Commerce, which is the world's largest business federation, representing the interests of more than 3 million businesses of all sizes, sectors, and regions.

Company Size and Industry Standout

AmCham Shanghai is a significant player in the business community, with a strong presence in the Shanghai area. The organization's mission is to strengthen business ties between the United States and China, and it provides a platform for its members to engage with local and national governments, as well as with other business organizations.

Vulnerabilities and Targeting

Ransomware attacks can exploit vulnerabilities in an organization's IT infrastructure, such as outdated software, unpatched systems, or weak passwords. In the case of AmCham Shanghai, the attack by Lorenz highlights the need for robust cybersecurity measures to protect against such threats.

The ransomware attack on AmCham Shanghai serves as a reminder of the ongoing threat posed by cybercriminals to organizations worldwide. It is crucial for businesses to implement strong cybersecurity measures to protect against such attacks and to have a plan in place for responding to and recovering from a ransomware incident.

Sources

• CFR Report: CSR90 The United States, China, and Taiwan: A Strategy to Prevent War
• The Investor: U.S. grant to fund battery storage system in Vietnam
• The Investor: Vietnam lacks legal framework to incentivize rooftop solar energy for self-consumption
• Tuoi Tre News: Viatris strengthens its commitment to Vietnam
• Ransomwatch: Ransomware Posts