blackbyte attacks Prince Jewellery & Watch Co.
Incident Date:
February 7, 2022
Overview
Title
blackbyte attacks Prince Jewellery & Watch Co.
Victim
Prince Jewellery & Watch Co.
Attacker
Blackbyte
Location
First Reported
February 7, 2022
Prince Jewellery & Watch Co. Ransomware Attack
Company Background
Prince Jewellery & Watch Co. is a retailer in the jewelry and watch industry, but there is limited information available about the company's size, market share, or unique selling points. The company's website is currently inaccessible due to the ransomware attack, making it difficult to gather more details about its operations.
Industry Overview
The jewelry and watch industry is a global market with significant competition. Companies in this sector often differentiate themselves through unique designs, high-quality materials, and customer service. However, the industry is also vulnerable to cyber attacks, as seen in the case of Graff Diamonds, which was targeted by the Conti ransomware group in 2021.
Vulnerabilities and Mitigation
Ransomware attacks can exploit various vulnerabilities, such as outdated software, weak passwords, or unpatched systems. To mitigate these risks, companies should implement robust cybersecurity measures, including regular software updates, strong password policies, and employee training on cybersecurity best practices. Additionally, maintaining backups of critical data can help minimize the impact of a ransomware attack.
The ransomware attack on Prince Jewellery & Watch Co. highlights the need for companies in the jewelry and watch industry to prioritize cybersecurity. By implementing strong security measures and staying informed about the latest threats, companies can better protect themselves against cyber attacks.
Sources
- Prince Jewellery & Watch Co. Home Page: https://www.princejewellerywatch.com/
- Graff Diamonds Suffered a Ransomware Attack: https://www.idstrong.com/data-breaches/graff-diamonds-breach/
- All About Conti Ransomware: https://www.securin.io/articles/all-about-conti-ransomware/
- Conti Ransomware Hits Graff Multinational Jeweler: https://www.idstrong.com/sentinel/conti-ransomware-group-steals-confidential-documents-from-multinational-jewellery-firm/
- Graff ransomware attack exposes tycoon and celebrity PIIs: https://www.securiwiser.com/news/graff-ransomware-attack-exposes-tycoon-and-celebrity-piis/
- Crime gang apologises to Graff Jewellers over data leak: https://www.jewellermagazine.com/Article/10138/Crime-gang-apologises-to-Graff-Jewellers-over-data-leak
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.