DXC Technology’s Subsidiary Becomes the Latest Victim of Ransomware Attackers

After Cognizant and Conduent, cybercriminals have launched attack on yet another IT outsourcing firm. This time, the victim is Xchanging, a Melbourne, Australia-based subsidiary of American BPO giant DXC Technology.

Tysons, Virginia-based DXC has confirmed the cyber incident, adding that it had launched an investigation. Xchanging, primarily an insurance management services business, came into DXC fold following the latter’s acquisition of CSC in 2017.

“DXC does not have any indication at this time that data has been compromised or lost,” the American IT outsourcing firm said in a statement, adding that it had implemented a series of “containment” measures to ensure that the virus does not get beyond its subsidiary.

Outsourcing firms have been the major target of ransomware attackers in recent months. In April this year, a ransomware group published sensitive data, including social security numbers, after hacking into the servers of Execupharm.

Ransomware attackers typically don’t publish any sensitive information, but they will rather seek ransom in exchange for the data.

Earlier this year, a Dutch university called Maastricht reportedly paid US$220,000 in ransom after a ransomware group stole its critical data, putting its research activity in jeopardy.