Friday, December 2, 2022, Rackspace said that its service had been down due to a security issue. The issue was seen with hosted Microsoft Exchange service provided by Rackspace.
The company said that a ransomware attack resulted in an ongoing failure of hosted Exchange service for five days. According to the company, the incident has not affected any other products and services besides the Exchange services, and they have added additional safeguards and monitoring. It has yet to be disclosed where the ransomware attack originated and whether the ransom has been paid.
Malware, known as ransomware, threatens to release a victim's information or obstruct data access until a ransom is paid. Businesses of all sizes face a major cyber threat from ransomware, which has been rising as predicted. It indicates the future of ransomware attacks in 2023 and the coming years.
Talk to our team of experts to learn more.
