lockbit2 attacks Cargo Experts
Incident Date:
June 10, 2022
Overview
Title
lockbit2 attacks Cargo Experts
Victim
Cargo Experts
Attacker
Lockbit2
Location
First Reported
June 10, 2022
Cargo Experts Suffers Ransomware Attack by Lockbit2
About Cargo Experts
Cargo Experts, established in 2011, is a prominent provider of supply chain solutions in the transportation sector. The company, operating in Cyprus, Greece, Romania, and the Balkans peninsula, offers a comprehensive range of services including freight forwarding, logistics, and supply chain management. With offices in Nicosia, Athens, and Constanza, Cargo Experts facilitates all types of transportation modes—air, ocean, truck, and rail—and extends global logistics services through a vast agent network.
Impact of the Attack
The ransomware attack on Cargo Experts, announced on Lockbit2's dark web leak site, underscores the ongoing cybersecurity threats faced by the transportation sector. While specific details of the attack's repercussions are not publicly disclosed, it is evident that the company's operations were significantly impacted. This incident serves as a stark reminder of the vulnerabilities within the global supply chain and the potential for cyberattacks to cause extensive disruptions.
Vulnerabilities and Mitigation
In confronting the challenges of cybersecurity, organizations like Cargo Experts must prioritize the management and security of sensitive information. Implementing robust cybersecurity measures, such as privileged access management (PAM), is crucial in safeguarding against ransomware attacks. Furthermore, adopting zero-trust architectures and zero-day prevention strategies are essential steps in enhancing an organization's resilience against cyber threats.
The ransomware attack on Cargo Experts underscores the imperative for organizations, especially within the transportation sector, to elevate their cybersecurity protocols. The adoption of comprehensive prevention strategies and collaboration with international cybersecurity partners are vital in mitigating the risks of cybercrime and ensuring the continuity of global supply chain operations.
Sources
- Cargo Experts Ltd. (n.d.). About. Retrieved April 10, 2024, from https://www.cargoexperts.eu/about/
- Cargo Experts Ltd. (n.d.). Services. Retrieved April 10, 2024, from https://www.cargoexperts.eu/services/
- Security Magazine. (2023, July 6). Experts discuss cyberattack at Japan's largest port. Retrieved April 10, 2024, from https://www.securitymagazine.com/articles/99601-experts-discuss-cyberattack-at-japans-largest-port
- StateScoop. (2024, March 15). US ports, maritime cybersecurity threats 2024. Retrieved April 10, 2024, from https://statescoop.com/us-ports-maritime-cybersecurity-threats-2024/
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.