lockbit2 attacks Richmond Monroe

Incident Date:

February 27, 2022

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Overview

Title

lockbit2 attacks Richmond Monroe

Victim

Richmond Monroe

Attacker

Lockbit2

Location

Jim Linegar, USA

Missouri, USA

First Reported

February 27, 2022

Richmond Monroe Hit by Ransomware Attack

Company Overview

Since 1994, Richmond Monroe has been a key player in the document management sector, catering to the residential and commercial mortgage industry. The company's comprehensive suite of services includes document preparation, recording, retrieval, lender/signer tracing, file review, custodial file ordering, imaging, and vault storage. Operating nationwide, Richmond Monroe is a pivotal support for the mortgage sector.

Vulnerabilities

The exact vulnerabilities exploited in the ransomware attack on Richmond Monroe remain undisclosed. Typically, ransomware groups like Lockbit2 exploit software weaknesses, outdated systems, or human errors such as phishing to initiate their attacks. This incident underscores the critical need for organizations to fortify their cybersecurity defenses against such vulnerabilities.

Impact and Response

The full extent of the ransomware attack's impact on Richmond Monroe is currently unknown, as the company has yet to issue an official statement regarding the breach or its response strategy. The ambiguity surrounding the ransom demand and the company's action, if any, to meet such demands adds to the concern over the incident's repercussions.

Previous Ransomware Attacks

Ransomware attacks have surged, targeting a wide array of sectors, including but not limited to government agencies, healthcare, and education. In 2023 alone, over 300 ransomware attacks against U.S. organizations have been publicly disclosed, highlighting the escalating threat landscape.

The ransomware attack on Richmond Monroe serves as a stark reminder of the persistent cyber threats facing businesses today. It emphasizes the critical importance of implementing robust cybersecurity practices and maintaining vigilance to safeguard against such malicious activities.

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.