The attack, which has crippled some of ScanSource’s basic digital systems including parts of its website, comes as some cyberthreat experts report a resurgence in ransomware attacks in 2023 following the decline in attacks last year.
ScanSource Hit Hard By Ransomware Attack
Amid what some cyberthreat experts are saying is a resurgence in ransomware overall in 2023, IT and telecom distributor ScanSource confirmed this week it has become the victim of what appears to be a major ransomware attack. The cyberattack has crippled some of ScanSource’s basic digital systems, including many pages on its website, impacting customers and suppliers in geographies including North America, according to the Greenville, S.C.-based company.
[Related: 5 Things To Know On The Big Drop In Ransomware Attacks]
While total ransomware attacks fell in 2022 from the peak of the prior year, there has been a “substantial increase” on several barometers of ransomware activity in 2023 so far, said Mark Lance, vice president for DFIR and threat intelligence at GuidePoint Security, in an interview with CRN last week.
The ScanSource ransomware attack is also just the latest cybersecurity incident to strike a major player in the channel. Key ScanSource technology areas include security, networking, collaboration, connectivity and cloud services. The company reported earlier this month that net sales for the third quarter of its fiscal 2023, ended March 31, rose 4.7 percent year-over-year to reach $885 million.
In spite of the continued impacts from the ScanSource ransomware attack, shares in the publicly traded company rose Wednesday, with ScanSource’s stock price closing 1 percent higher at $28.67 a share. That gave the distributor a market capitalization of $713.88 million as of the end of regular trading Wednesday, according to Yahoo Finance.
What follows are five key things to know about the ScanSource ransomware attack.