Akira Group's Cyber Threat: Ransomware Attack on Sánchez-Betances, Sifre & Muñoz-Noya, LLC
Incident Date:
April 12, 2024
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
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.