lockbit2 attacks Nizing Electric Wire & Cable Co., Ltd.
Incident Date:
May 4, 2022
Overview
Title
lockbit2 attacks Nizing Electric Wire & Cable Co., Ltd.
Victim
Nizing Electric Wire & Cable Co., Ltd.
Attacker
Lockbit2
Location
First Reported
May 4, 2022
Nizing Electric Wire & Cable Co., Ltd. Suffers Ransomware Attack
Company Overview
Nizing Electric Wire & Cable Co., Ltd. is a manufacturing company that operates in the electrical industry. The company's website provides information about their products and services, as well as job opportunities.
Industry Standout
Nizing Electric Wire & Cable Co., Ltd. is a significant player in the electrical industry, offering a range of products and services. The company's website highlights their commitment to innovation and quality, with a focus on providing solutions for various industries.
Vulnerabilities
The specific vulnerabilities that led to the ransomware attack on Nizing Electric Wire & Cable Co., Ltd. are not detailed in the available information. However, ransomware attacks often exploit weaknesses in network security, such as unpatched software or weak passwords.
Previous Ransomware Attacks
The Lockbit2 ransomware group has been active in recent months, with a history of targeting corporate networks. In the case of Schneider Electric, the group gained access to victim networks via vulnerable VPN gateways, often Fortinet VPN instances.
Impact of Ransomware Attacks
Ransomware attacks can have significant consequences for businesses, including data loss, system downtime, and financial costs associated with recovery efforts. The impact of these attacks can be particularly severe for companies in the energy sector, which hold large amounts of sensitive data and are often targeted for their potential value on the dark web.
Sources
- Nizing Electric Wire & Cable Co., Ltd. Official Website
- CBS58 - Ransomware Group That Carried Out Major Attacks Reappears After Brief Absence
- Infosecurity Magazine - Schneider Electric Data Ransomware
- SC Magazine - Ransomware Attack Claims Schneider Electric's Sustainability Division
- The New York Times - Ransomware Attacks
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.