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Swedish supermarket chain Coop forced to close due to ransomware attack. Photo: Ali Lorestani/TT News AgencyAFP via Getty Images

Businesses around the globe are dealing with another big ransomware attack, linked to the Russia-connected REvil group that previously hacked meat processor JBS.

Catch up quick: The new attack exploits a flaw in software that middleware provider Kaseya supplied to customers, who are themselves companies that provide managed services to other businesses.

The big picture: This is a spectacularly successful example of a software supply chain attack — where hackers use vulnerability in a supplier's code to access all its customers' systems.

Yes, but: There's a strong case that managed services providers prevent more attacks than they cause, writes Bloomberg columnist Tim Culpan.

What they're saying:

  • Crowdstrike co-founder and former CTO Dmitri Alperovitch: "This is without a doubt going to turn out to be the biggest, most destructive ransomware campaign that we've seen so far."
  • U.S. Chamber of Commerce senior VP Christopher Roberti: "The U.S. government must take the fight to these foreign cybercriminal syndicates."

Go deeper: The ransomware pandemic

Go deeper

Google creates cybersecurity team to help respond to attacks

A Google logo at the company's offices in Berlin in August 2021. Photo: Sean Gallup/Getty Images

Google announced Tuesday it has created a new cybersecurity team to help respond to and prevent cyberattacks against governments, critical infrastructure managers and other crucial companies.

Why it matters: It said the creation of the team is in response to the recent surge in cyber and ransomware attacks, including the ransomware attempt against the Colonial Pipeline in May and the sprawling SolarWinds breach, which was uncovered in December 2020 but likely existed for months before its discovery.

Updated 44 mins ago - World

Biden cleans up comments about Russia invading Ukraine

Photo: Doug Mills-Pool/Getty Images

President Biden sought to clarify his suggestion that a "minor incursion" by Russia into Ukraine may not draw the same response as a large invasion, telling reporters Thursday that "Russia will pay a heavy price" if any troops cross the border.

Why it matters: Some officials in Kyiv saw Biden's comments as inviting Russian aggression.

Tina Reed, author of Vitals
57 mins ago - Health

Study finds bias against Black patients written into medical charts

Illustration: Sarah Grillo/Axios

Black patients were more than two-and-a-half times as likely as white patients to have negative descriptors about them in their electronic health record, according to a study published Wednesday in Health Affairs.

Why it matters: The study is further evidence of bias in the U.S. health care system, which can ultimately result in worse care and disparately poor outcomes.