Cybercriminals are leaving no stone unturned to perpetuate their attacks. While the world is mired in the chaos created by the Kaseya ransomware attack, the hackers are relentlessly burning the midnight oil to capitalize on the chaos.

Off late, Synnex is the latest addition to the list of high-profile companies that have suffered cyberattacks in 2021.

Exploiting the fact that Synnex is a long-term distribution partner for Microsoft, the cybercriminals have attempted to gain access to customer applications hosted in the Azure cloud environment.

“We are aware of a few instances where outside actors have attempted to gain access, through Synnex, to customer applications within the Microsoft cloud environment,” confirmed Synnex.

Many cyber experts mentioned that the Synnex hack is possibly intertwined with the Kaseya ransomware attack. Vindicating this claim is the report by Bloomberg that Synnex is one of the managed service providers (MSPs) affected in the Kaseya cyberattack.

Responding to the media mentions, Synnex, however, said, “While we provide many services as part of our overall IT distribution business, including supporting Microsoft cloud applications, we are not an MSP in the context mentioned in recent media.”

“We do not know if this is related to the Kaseya ransomware attack to MSPs and some end customers,” reiterated Michael Urban, Synnex’s President of Worldwide Technology Solutions Distribution.

“That is part of the review. Synnex is not an MSP, and we have no relationship with Kaseya and do not use its systems.”

Also Read: How Can Companies Be More Resilient in the Face of Ransomware Threats?

Once the attack was identified, the California-based IT services distributor swiftly conducted a thorough review of the attack by roping in Microsoft experts and a leading third-party cybersecurity vendor.

The prompt detection helped the company prevent the hackers from crippling the business by extorting any critical data. The internal and external environments of the company remained online throughout the period of attack.

“We are a long-term distribution partner for Microsoft and, along with them, responded with the requisite urgency to address the recent attacks and to limit the potential activities of these bad actors,” mentioned Dennis Polk, Synnex CEO. “We will remain vigilant and focused on the security of our organization.”

However, the company didn’t provide any viable information on how successful the attack was.

“As our review continues, we are unable to provide any specific details. As with any security issue, a full review of all companies, systems, third-party applications, and related IT solutions must be completed before final determinations can be made,” said Michael.

Following the news of the purported breach, Synnex’s stock trade value came down by USD 3.37 (2.79%) to stay at USD 117.50, the lowest since May 12.

Headquartered in Fremont, California, Synnex is a Fortune 200 company. It is a leading provider of a broad range of distribution, systems design, and integration services for the IT sector.

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