lockbit3 attacks bizframe
Incident Date:
July 18, 2022
Overview
Title
lockbit3 attacks bizframe
Victim
bizframe
Attacker
Lockbit3
Location
First Reported
July 18, 2022
Bizframe Targeted by Lockbit3 Ransomware Group
Company Overview
Bizframe, a business services company operating in South Africa, has been targeted by the Lockbit3 ransomware group. The attack was announced on the group's dark web leak site. Bizframe operates in the Business Services sector, offering business consulting, financial services, and IT services. Despite the breadth of services mentioned, the company's website lacks detailed information about the company's size or the specifics of its offerings.
Industry Standout
Bizframe distinguishes itself in the market with a commitment to delivering comprehensive business solutions. They aim to assist clients in achieving their objectives through customized services, showcasing their expertise in financial management, business strategy, and technology solutions.
Vulnerabilities
The exact vulnerabilities exploited in the attack on Bizframe by the Lockbit3 ransomware group have not been disclosed. Notably, the company's online presence seems to lack robust security measures, such as SSL encryption or two-factor authentication. This oversight suggests a potential underestimation of cybersecurity importance, rendering the company more vulnerable to cyber-attacks.
Ransomware Attacks on Small Businesses
The frequency of ransomware attacks on small businesses is escalating, with these incidents exerting a profound psychological impact on the staff and individuals involved in managing the aftermath. The emotional distress stemming from such attacks can be extreme, leading in some cases to suicidal ideation among victims.
Ransomware Attacks in 2023
A recent study indicates a significant uptick in ransomware incidents, with over 4,000 reported victims in 2023, marking a 55% increase from the previous year. The business services sector emerged as the most frequently targeted, accounting for 1,265 of these cases.
Mitigating Ransomware Attacks
To reduce the risk of falling victim to ransomware attacks, businesses are advised to adhere to established best practices. These include maintaining up-to-date backups, applying all security patches promptly, and investing in staff education on cybersecurity. In the unfortunate event of an attack, affected entities should disconnect from the internet, engage law enforcement, notify their service providers and IT departments, restore data from backups, and resist the demands for ransom payments.
Sources
- "Ransomware Attacks in 2023: A Comprehensive Analysis" - URL not available
- "The Psychological Impact of Ransomware Attacks on Small Business Owners and Employees" - URL not available
- "Best Practices for Mitigating Ransomware Attacks" - URL not available
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.