Swiss multinational ABB suffered a ransomware attack called Black Basta that impacted business operations.
ABB, which is headquartered in Zurich and employs about 105,000 people, expects revenues of $29.4 billion by 2022. As part of its services, the company develops industrial control systems (ICS) and systems for the manufacturing sector and energy suppliers.
“ABB operates more than 40 U.S.-based engineering, manufacturing, research, and services facilities with a proven track record serving a variety of federal agencies, including the Department of Defense, such as the U.S. Army Corps of Engineers, and civilian federal agencies such as the Departments of the Interior, Transportation, Energy, U.S. Coast Guard, and U.S. Postal Service,” can be read on ABB’s website.
On May 7, 2023, the company fell victim to a cyber attack most likely conducted by the Black Basta ransomware gang, a cybercriminal group that emerged in April 2022.
In response to the attack, ABB severed VPN connections with its customers to prevent the ransomware from spreading to other networks.
The attack reportedly disrupted the company’s operations, delaying projects and impacting factories.