lockbit3 attacks competencia

Incident Date:

July 20, 2022

World map

Overview

Title

lockbit3 attacks competencia

Victim

competencia

Attacker

Lockbit3

Location

Quito, Ecuador

Quito, Ecuador

First Reported

July 20, 2022

Lockbit3 Ransomware Attack on Competencia S.A

Company Overview

Competencia S.A is a retail company based in Ecuador, known for its diverse product range that includes home appliances and security systems. The company prides itself on offering high-quality audio and video equipment, cleaning systems, and security systems tailored for businesses of various sizes.

Vulnerabilities and Targeting

The exact vulnerabilities exploited in the attack on Competencia S.A remain undisclosed. Typically, ransomware groups leverage unpatched software vulnerabilities, weak password policies, or phishing schemes to penetrate networks. It is plausible that Lockbit3 utilized a combination of these methods to execute the ransomware deployment within Competencia S.A's infrastructure.

Impact and Response

The Lockbit3 ransomware attack has significantly disrupted Competencia S.A's operations, posing substantial financial and reputational risks. It is imperative for the company to report this cyber incident to federal law enforcement and consult with cybersecurity entities such as CISA for technical guidance.

In response to the attack, Competencia S.A must isolate affected systems, secure data backups, and update their security protocols. Additionally, it is crucial to communicate with customers regarding the potential exposure of personal information to mitigate further damage.

Sources

  • Stop Ransomware - CISA
  • Ransomware Attacks and Types – How Encryption Trojans Differ
  • Ransomware | Federal Trade Commission - FTC
  • Ransomware - FBI
  • Mitigating malware and ransomware attacks - NCSC.GOV.UK

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.