lockbit2 attacks Equis
Incident Date:
June 7, 2022
Overview
Title
lockbit2 attacks Equis
Victim
Equis
Attacker
Lockbit2
Location
First Reported
June 7, 2022
Equis Development Pte. Ltd. Suffers Ransomware Attack by LockBit2
Equis Development Pte. Ltd., a Singapore-based infrastructure development and investment company, has been targeted by the ransomware group LockBit2. The attack was announced on the group's dark web leak site. Equis operates in the Energy, Utilities & Waste sector and was formed in 2019, focusing on infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea.
Company Overview
Equis Development Pte. Ltd. is a relatively new company, having been established in 2019. The company's primary focus is on infrastructure development and investment in the Asia-Pacific region, with a particular emphasis on Australia, Japan, and South Korea.
Industry Standout
Equis Development Pte. Ltd. stands out in its industry by actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea.
Vulnerabilities
The specific vulnerabilities that led to Equis being targeted by LockBit2 are not publicly disclosed. However, ransomware attacks often exploit weaknesses in outdated software, unpatched systems, or weak passwords. It is crucial for companies to maintain up-to-date software, regularly patch systems, and implement strong password policies to reduce the risk of such attacks.
Ransomware Threat Landscape
Ransomware attacks have become increasingly prevalent, with 71% of organizations worldwide experiencing at least one ransomware attack in 2022. The average total cost of an attack hit an astounding $4.3 million. Ransomware actors often target and threaten to sell or leak exfiltrated data or authentication information if the ransom is not paid.
Mitigation Strategies
To mitigate the risk of ransomware attacks, companies should implement a multi-layered security strategy, including regular software updates, system patches, strong password policies, and employee training on cybersecurity best practices. Additionally, having a robust backup and recovery plan can help minimize the impact of a ransomware attack.
The ransomware attack on Equis Development Pte. Ltd. by LockBit2 highlights the ongoing threat of ransomware to businesses across industries. Companies must remain vigilant and implement robust security measures to protect against these 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.