Earlier this month, Russian-linked cybercriminal organization, REvil, launched the single biggest global ransomware attack on record. The breach infected thousands of victims in more than 17 countries and demanded $70 million in cryptocurrency to unscramble all the infected machines. What made this breach especially noteworthy was the specific conduit the criminals used to gain access to the victims: Kaseya VSA (virtual systems/server administrator), a remote monitoring and management (RMM) solution. RMM solutions are commonly used by managed services providers (MSPs) and managed security services providers (MSSPs) alike. What makes them particularly attractive to cybercriminals is that each MSP/MSSP breach has an enormous trickle-down effect. For example, CBS News reported that Swedish grocery chain Coop had to close most of its 800 stores for multiple days because the attack crippled their cash register software supplier. Thus, not only do these “one-to-many” attacks lead to more victims in a shorter period, but they also lead to bigger payoffs for the attackers.
Manny Korakis, Chief Financial Officer at Presidio, is responsible for leading the company’s finance team in continuous process improvement and driving profitable growth. Prior to joining Presidio in 2022, Manny was Chief Accounting Officer, Corporate Controller and Corporate Treasurer at IQVIA where he was responsible for global accounting, external financial reporting, financial shared services, capital markets, treasury operations, internal control and financial systems.
In addition, heheld senior-level positions at American Express Global Business Travel as Corporate Controller and Chief Accounting Officer. Mannyspent the majority of his career at S&P Global, where, in his last two years with the company, he was Chief Financial Officer of S&P Dow Jones Indices, a subsidiary with $1 billion in revenue.