LockBit 3.0 Ransomware Attack on Price Modern
Incident Date:
May 23, 2024
Overview
Title
LockBit 3.0 Ransomware Attack on Price Modern
Victim
Price Modern
Attacker
Lockbit3
Location
First Reported
May 23, 2024
LockBit 3.0 Ransomware Attack on Price Modern
Overview of Price Modern
Price Modern LLC, headquartered in Baltimore, Maryland, is a prominent company in the Business Services sector, specializing in modern office furniture solutions. Established in 1904, Price Modern has built a reputation for transforming workspaces into functional and stylish environments. The company employs 206 people and boasts an annual revenue of $130 million. Their mission is to create inspired workspaces that enhance company culture and employee engagement, constantly adapting to the evolving market demands.
Details of the Attack
Price Modern recently fell victim to a ransomware attack orchestrated by the notorious LockBit 3.0 group, also known as LockBit Black. The attackers claimed responsibility on their dark web leak site, although specific details about the ransom demand or the extent of the data exfiltration have not been disclosed. The attack has put a spotlight on the vulnerabilities within the company’s cybersecurity infrastructure, highlighting the pervasive threat of ransomware to businesses of all sizes.
About LockBit 3.0
LockBit 3.0 is the latest evolution of the LockBit ransomware family, operating under a Ransomware-as-a-Service (RaaS) model. This model allows affiliates to use LockBit’s sophisticated ransomware for a share of the profits. LockBit 3.0 is known for its advanced anti-analysis techniques, evasion capabilities, and aggressive tactics, including disabling security services like Windows Defender to avoid detection. The ransomware encrypts files, modifies filenames, and drops ransom notes, often changing the victim’s desktop wallpaper to indicate the attack.
Sources
- LockBit 3.0 Update | SentinelOne
- LockBit 3.0 Ransomware Unlocked | VMware
- LockBit Ransomware Group Augments Its Latest Variant | Trend Micro
- Unmasking LockBit 3.0 Ransomware | Palo Alto Networks
- LockBit 3.0 Ransomware Abuses Windows Defender | BlackBerry
- LockBit 3.0 Ransomware Analysis | Infosec Institute
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.