Security Magazine logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Security Magazine logo
  • NEWS
    • Security Newswire
    • Technologies & Solutions
  • MANAGEMENT
    • Leadership Management
    • Enterprise Services
    • Security Education & Training
    • Logical Security
    • Security & Business Resilience
    • Profiles in Excellence
  • PHYSICAL
    • Access Management
    • Fire & Life Safety
    • Identity Management
    • Physical Security
    • Video Surveillance
    • Case Studies (Physical)
  • CYBER
    • Cybersecurity News
    • More
  • BLOG
  • COLUMNS
    • Cyber Tactics
    • Leadership & Management
    • Security Talk
    • Career Intelligence
    • Leader to Leader
    • Cybersecurity Education & Training
  • EXCLUSIVES
    • Annual Guarding Report
    • Most Influential People in Security
    • The Security Benchmark Report
    • Top Guard and Security Officer Companies
    • Top Cybersecurity Leaders
    • Women in Security
  • SECTORS
    • Arenas / Stadiums / Leagues / Entertainment
    • Banking/Finance/Insurance
    • Construction, Real Estate, Property Management
    • Education: K-12
    • Education: University
    • Government: Federal, State and Local
    • Hospitality & Casinos
    • Hospitals & Medical Centers
    • Infrastructure:Electric,Gas & Water
    • Ports: Sea, Land, & Air
    • Retail/Restaurants/Convenience
    • Transportation/Logistics/Supply Chain/Distribution/ Warehousing
  • EVENTS
    • Industry Events
    • Webinars
    • Solutions by Sector
    • Security 500 Conference
  • MEDIA
    • Videos
      • Cybersecurity & Geopolitical Discussion
      • Ask Me Anything (AMA) Series
    • Podcasts
    • Polls
    • Photo Galleries
  • MORE
    • Call for Entries
    • Classifieds & Job Listings
    • Continuing Education
    • Newsletter
    • Sponsor Insights
    • Store
    • White Papers
  • EMAG
    • eMagazine
    • This Month's Content
    • Advertise
  • SIGN UP!
CybersecurityManagementSecurity NewswireSecurity Leadership and ManagementCybersecurity News

Security leaders share thoughts on Schneider Electric ransomware attack

By Taelor Sutherland
Open laptop with colorful text

Image via Unsplash

January 31, 2024

Schneider Electric Sustainability Business division suffered a ransomware incident on January 17th, 2024. The attack has impacted Resource Advisor and other division specific systems and accessed company data. All affected individuals have been notified  The company's security team is continuing to take additional actions based on its outcomes, working with relevant authorities. 

Security leaders share their thoughts on the recent attack and how other organizations can protect themselves.

John Gallagher, Vice President of Viakoo Labs:

"Whether for IoT, OT or ICS systems it has been a long standing best practice to ensure these systems are on dedicated and isolated networks to prevent lateral movement if vulnerable IoT devices are breached.  But this is not that situation; this is a business division and more like a fully separate company. In addition to isolated or segmented networks, effective use of zero trust principles can also be effective in preventing lateral movement within an organization. Using application-based discovery to identify all application, device and port relationships can also be effective in setting up and maintaining an isolated network. Too often a network is properly configured and isolated, but over time both users and configuration drift can impact that segmentation and allow punch-throughs."

Sarah Jones, Cyber Threat Intelligence Research Analyst at Critical Start:

"The connection of the Schneider Electric attack to the Cactus ransomware group likely arises from two factors: Cactus' history of targeting corporate networks and potential Qlik software use within Schneider Electric. Since Cactus previously exploited vulnerabilities in Qlik software it further strengthens the Cactus connection. While Schneider Electric maintains confidentiality regarding the specifics of their Sustainability Business division's isolation, industry best practices suggest a layered approach. This approach likely includes network segmentation to confine the division's IT infrastructure, minimizing the attack surface. Firewalls and security controls act as gatekeepers, restricting traffic flow and preventing lateral movement or data exfiltration. In more extreme cases, it is possible the division's network might be air-gapped, offering the strongest isolation but at the potential cost of operational challenges. It is also likely the Schneider maintains dedicated security tools and personnel, enabling scanning for suspicious activity and swift detection and response capabilities. Additionally, access controls ensure only authorized individuals can access the systems, preventing unauthorized modifications. While sensitive data is likely encrypted at rest and in transit, providing an additional layer of protection."

KEYWORDS: cyberattack data breach data breach notification ransomware security leaders

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Taelor daugherty 2023

Taelor Sutherland is the Associate Editor at Security magazine. Sutherland covers news affecting enterprise security leaders, from industry events to physical & cybersecurity threats and mitigation tactics. She is also responsible for coordinating and publishing web exclusives, multimedia content, social media posts, and a number of eMagazine departments. Sutherland graduated in 2022 with a BA in English Literature from Agnes Scott College.

Recommended Content

JOIN TODAY
To unlock your recommendations.

Already have an account? Sign In

  • Security's Top Cybersecurity Leaders 2024

    Security's Top Cybersecurity Leaders 2024

    Security magazine's Top Cybersecurity Leaders 2024 award...
    Top Cybersecurity Leaders
    By: Security Staff
  • cyber brain

    The intersection of cybersecurity and artificial intelligence

    Artificial intelligence (AI) is a valuable cybersecurity...
    Cybersecurity
    By: Pam Nigro
  • artificial intelligence AI graphic

    Assessing the pros and cons of AI for cybersecurity

    Artificial intelligence (AI) has significant implications...
    Logical Security
    By: Charles Denyer
Manage My Account
  • Security eNewsletter & Other eNews Alerts
  • eMagazine Subscriptions
  • Manage My Preferences
  • Online Registration
  • Mobile App
  • Subscription Customer Service

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the Security audience. All Sponsored Content is supplied by the advertising company and any opinions expressed in this article are those of the author and not necessarily reflect the views of Security or its parent company, BNP Media. Interested in participating in our Sponsored Content section? Contact your local rep!

close
  • Sureview screen
    Sponsored bySureView Systems

    The Evolution of Automation in the Command Center

  • Crisis Response Team
    Sponsored byEverbridge

    Automate or Fall Behind – Crisis Response at the Speed of Risk

  • Perimeter security
    Sponsored byAMAROK

    Why Property Security is the New Competitive Advantage

Popular Stories

Rendered computer with keyboard

16B Login Credentials Exposed in World’s Largest Data Breach

Verizon on phone screen

61M Records Listed for Sale Online, Allegedly Belong to Verizon

Security camera

40,000 IoT Security Cameras Are Exposed Online

Security’s 2025 Women in Security

Security’s 2025 Women in Security

Red spiderweb

From Retail to Insurance, Scattered Spider Changes Targets

2025 Security Benchmark banner

Events

July 17, 2025

Tech in the Jungle: Leveraging Surveillance, Access Control, and Technology in Unique Environments

What do zebras, school groups and high-tech surveillance have in common? They're all part of a day’s work for the security team at the Toledo Zoo.

August 7, 2025

Threats to the Energy Sector: Implications for Corporate and National Security

The energy sector has found itself in the crosshairs of virtually every bad actor on the global stage.

View All Submit An Event

Products

Security Culture: A How-to Guide for Improving Security Culture and Dealing with People Risk in Your Organisation

Security Culture: A How-to Guide for Improving Security Culture and Dealing with People Risk in Your Organisation

See More Products

Related Articles

  • Blue cube with white lowercase i in the center

    Security leaders share thoughts on Blue Shield of California data breach

    See More
  • Hospital bed with teal sheets

    Security Leaders Share Thoughts on Kettering Outage

    See More
  • casino room with machines

    Security leaders share thoughts on MGM cyberattack

    See More
×

Sign-up to receive top management & result-driven techniques in the industry.

Join over 20,000+ industry leaders who receive our premium content.

SIGN UP TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • eNewsletter
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing