The German software company TeamViewer claimed that a few days ago, a Russian hacker group known as APT29 carried out a cyberattack against them. The group, which is also recognized as “Cozy Bear” or “Midnight Blizzard,” is believed to be working on behalf of Russia’s foreign spy agency.
According to report from Reuters, the hackers on Wednesday managed to access the company’s corporate IT environment. However, one very important fact is that the attackers were not able to access the company’s product environment or customer data.
It showed that the hacking squad was aiming at the German entities when, in March, Mandiant, a cybersecurity unit of Google’s parent company, Alphabet, exposed APT29 for launching a phishing email attack on key political figures in Germany.
This news has seen Teamviewer shares fall 10% on one of their worst days since 2023. The cyberattack has raised questions about the preparedness for security breaches and the possible implications this would have on its business.
The incident has once again brought the issue of Russia-linked hackers as a continued threat to businesses and organizations across the globe. APT29 is said to have conducted countless cyberattacks on governments, businesses, and individuals.
Attack on TeamViewer should remind us to set up a more secure cybersecurity strategy in order not to become a soft target of such wordy threats. Companies need to stay vigilant and make investments in security solutions to contain the risks that accompany cyberattacks.
