lockbit3 attacks Meiji Yasuda America Inc
Incident Date:
August 31, 2022
Overview
Title
lockbit3 attacks Meiji Yasuda America Inc
Victim
Meiji Yasuda America Inc
Attacker
Lockbit3
Location
First Reported
August 31, 2022
Meiji Yasuda America Inc. Suffers Ransomware Attack by Lockbit3
Overview of the Incident
Meiji Yasuda America Inc., an entity within the Insurance sector, has fallen victim to a ransomware attack orchestrated by the Lockbit3 group. This incident was disclosed on the group's dark web leak site. Meiji Yasuda America Inc. is a subsidiary of the Japanese conglomerate Meiji Holdings Co., Ltd., known for its diverse range of food products including snacks and confectioneries.
Company Profile
Despite the lack of specific details regarding the size of Meiji Yasuda America Inc., its parent company, Meiji Holdings Co., Ltd., boasts a significant presence in the food industry with a market capitalization of around ¥1.1 trillion (US$9.6 billion) as of 2023. The affiliation with Meiji Holdings enhances Meiji Yasuda America Inc.'s standing in the market, leveraging a history of quality and consumer trust.
Analysis of Vulnerabilities
The exact vulnerabilities exploited in the ransomware attack on Meiji Yasuda America Inc. remain unspecified. Nonetheless, ransomware campaigns typically leverage flaws in software, outdated systems, or inadequate security protocols. It underscores the necessity for organizations to implement comprehensive cybersecurity strategies. These should include the enforcement of regular software updates, the utilization of strong authentication methods, and the provision of employee education on the risks of phishing and other social engineering techniques.
Robust cybersecurity practices are paramount for companies to safeguard against the evolving threat landscape, particularly from ransomware attacks which have become increasingly sophisticated.
Sources
- "Ransomware: Recent advances, analysis, challenges and future directions" (2021)
- "Mitigating malware and ransomware attacks" (NCSC.GOV.UK)
- "Ransomware Attacks and Mitigation Strategies" (LinkedIn)
- "Internet of things and ransomware: Evolution, mitigation and prevention" (ScienceDirect)
- "A Socio-Technical Approach to Preventing, Mitigating, and Recovering from Ransomware Attacks" (NCBI)
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.