Microsoft researchers identified a China-state aligned threat group, Storm-0940, as the culprit behind an attack on ConnectWise’s Cloud Backup service, which compromised over 2,250 tenants.

Earlier attacks and coverage

Business impact

The attack could lead to significant financial losses and operational disruptions for affected organizations, as well as potential legal and reputational damage due to data breaches.

Industries affected

The threat group targeted a broad range of industries, including aerospace, automotive, chemicals, and financial services.

Users affected

ConnectWise Cloud Backup customers were the primary target, with their Microsoft 365 environments compromised through the use of AI agents and malicious infrastructure.

Sources