Examining the 8Base Ransomware Incident at Samhwa Paint Ind. Ltd.

Incident Date:

April 3, 2024

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Examining the 8Base Ransomware Incident at Samhwa Paint Ind. Ltd.


Samhwa Paint Ind. Ltd




Danwon-gu, South Korea

, South Korea

First Reported

April 3, 2024

8Base Ransomware Attack on Samhwa Paint Ind. Ltd.

Company Overview

The 8Base ransomware group has claimed responsibility for an attack on Samhwa Paint Ind. Ltd., a leading paint company in South Korea specialized in the manufacturing industry.

Company Size and Industry Standout

Samhwa Paint Ind. Ltd. was established in 1946 and has grown into a leading paint company in Korea through continuous development and a strong financial structure. The company produces a wide range of paints and coating products, including decorative, flooring, wood, fire-resistance, coil coating, powder, and more. Samhwa Paint Ind. Ltd. has oriented toward environmentally conscious growth and strengthens its global competitiveness through research and development, production process improvement, and marketing in overseas markets.

Vulnerabilities and Impact

The 8Base ransomware group is known for sophisticated evasion tactics and high-impact activities, utilizing double extortion tactics to encrypt victims' files and exfiltrate their data, threatening public release unless ransom demands are met. The group targets a range of victims, especially small and medium-sized businesses, with the United States, Brazil, and the United Kingdom being the most affected countries.

Mitigation Strategies

To guard against 8Base ransomware, organizations should establish robust prevention and response frameworks, maintain up-to-date security measures, conduct regular training, invest in advanced security solutions like Endpoint Detection and Response (EDR) and Multi-Factor Authentication (MFA), and maintain regular backups in multiple secure locations.


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.