Akira Group's Cyber Threat: Ransomware Attack on Sánchez-Betances, Sifre & Muñoz-Noya, LLC

Incident Date:

April 12, 2024

World map

Overview

Title

Akira Group's Cyber Threat: Ransomware Attack on Sánchez-Betances, Sifre & Muñoz-Noya, LLC

Victim

Sánchez-Betances, Sifre & Muñoz-Noya, LLC or SBSM LAW

Attacker

Akira

Location

San Juan, USA

Puerto Rico, USA

First Reported

April 12, 2024

Ransomware Attack on Sánchez-Betances, Sifre & Muñoz-Noya, LLC by Akira Group

Company Profile and Industry sStandout

Sánchez-Betances, Sifre & Muñoz-Noya, LLC, also known as SBSM LAW, is a boutique, multiservice law firm renowned for its litigation skills, vigorous representation, and expertise in labor law. The firm operates in the legal advisory sector, offering services in real estate, administrative permits, appeals practice, complex litigation, construction, health, insurance, labor, and employment law. They have a team size ranging from 20 to 49 employees.It has been recognized for its comprehensive legal services and their reputation for vigorous representation and expertise in labor law sets them apart in the industry.

Vulnerabilities

Being a law firm dealing with sensitive legal matters, Sánchez-Betances, Sifre & Muñoz-Noya, LLC may have been targeted by threat actors due to the valuable and confidential information they possess. The Akira ransomware group, known for targeting small to medium-sized businesses, may have seen the law firm as a lucrative target for potential financial gain through ransom payments or data theft. Whatever the case may be, the subject at hand is that the ransomware group has announced to have stolen the following: personal information about employees, details about the firm’s partners, business-related information, etc.

All in all, the firm's operations in various legal areas make them susceptible to these cyber attacks, as threat actors could exploit vulnerabilities in their systems related to the services offered by the company.

Sources:

LinkedIn - Sánchez-Betances, Sifre & Muñoz-Noya, LLC

Trend Micro - Ransomware Spotlight: Akira

Bloomberg - Sánchez-Betances, Sifre & Muñoz-Noya, LLC Company Profile

Recent Ransomware Attacks

The Recent Ransomware Attacks (RRA) site acts as a watchtower, providing you with near real-time ransomware tracking of attacks, groups and their victims. Given threat actors’ overarching, lucrative success so far, ransomware attacks have become the most ubiquitous, and financially and informationally impactful cyber threat to businesses and organizations today.

The site’s data is generated based on hosting choices of real-world threat actors, and a handful of other trackers. While sanitization efforts have been taken, we cannot guarantee 100% accuracy of the data. Attack updates will be made as source data is reported by reputable sources. By viewing, accessing, or using RRA you acknowledge you are doing so at your own risk.