CVE-2024-40711

CVE-2024-40711 is a significant software vulnerability identified in Veeam, a leading provider of backup, recovery, and replication solutions. This flaw in the software's design or implementation could potentially be exploited to execute remote code (RCE), as noted in various security alerts. The vulnerability, if successfully exploited, allows unauthorized users to create an account and attempt to deploy ransomware, leading to potential data breaches and system compromises. Over the past month, Sophos X-Ops MDR and Incident Response have been monitoring a series of attacks exploiting this vulnerability. The attackers are leveraging compromised credentials alongside CVE-2024-40711 to create accounts and attempt to deploy ransomware. This information was published by Sophos on Mastodon, a social networking service, indicating that the threat is active and being used in ongoing cyber-attacks. The implications of these attacks are severe, given the potential for unauthorized access, data theft, and the disruption of services through ransomware deployment. Organizations using Veeam should take immediate action to mitigate this threat. They should ensure they are running the latest software versions, regularly update their systems, and employ strong credential management practices to prevent unauthorized access. Further, they should monitor their systems closely for any signs of unusual activity indicative of a potential breach.