lockbit2 attacks Bar2

Incident Date:

February 4, 2022

World map

Overview

Title

lockbit2 attacks Bar2

Victim

Bar2

Attacker

Lockbit2

Location

Watford, United Kingdom

Watford, United Kingdom

First Reported

February 4, 2022

Bar2 Ransomware Attack: A Cybersecurity Threat in the Business Services Sector

Company Overview

Bar2 offers payroll services for recruiters and contractors, ensuring that everyone is paid correctly, legitimately, and on time. They pride themselves on their expertise in payroll services, payroll compliance, and contractor recruitment processes, which allows them to stay updated on regulatory changes and best practices.

Company Size and Vulnerabilities

The size of Bar2 is not explicitly mentioned in the search results. However, the company's website indicates that they specialize in providing services to recruiters and contractors, suggesting a medium-sized business.

Bar2's vulnerabilities in being targeted by threat actors are not explicitly stated in the search results. However, it is known that ransomware attacks are becoming more sophisticated and evolving, with more devices being mobile and off-site, making endpoint security a critical component in taking cybersecurity beyond standard signature-based antivirus.

Industry Standout

Bar2 stands out in their industry by offering a combination of market-leading technology and a dedicated team. They provide responsive tech coupled with expert contractor compliance advice for hiring, onboarding, and paying contractors, allowing their clients to focus on their core business activities.

Mitigation Strategies

To mitigate ransomware attacks, companies should consider implementing End Point Detection and Response (EDR) tools, which continuously monitor, threat hunt, and collect activity data from end-user devices. EDR tools can automatically enable a full triage of response, containment, and investigation once a threat is identified.

The ransomware attack on Bar2 highlights the need for businesses to stay vigilant against cyber threats, particularly in the Business Services sector. By implementing robust cybersecurity measures, such as EDR tools and managed security services, companies can better protect themselves from sophisticated ransomware attacks.

Sources

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.