lockbit3 attacks sig id
Incident Date:
July 17, 2022
Overview
Title
lockbit3 attacks sig id
Victim
sig id
Attacker
Lockbit3
Location
First Reported
July 17, 2022
Ransomware Attack on Sig ID
Sig ID, a business services company, has been targeted by the ransomware group Lockbit3.0, as reported on their dark web leak site. The company's website is currently inaccessible, returning a 403 Forbidden error. The Business Services sector has been a significant target for ransomware attacks, with 1,265 cases reported in 2023.
Industry Vulnerabilities
The specific size and industry standing of Sig ID are not detailed in available information. Nonetheless, the Business Services sector encompasses a wide range of companies, from small businesses to large corporations. This sector's susceptibility to ransomware attacks is largely due to its reliance on digital systems and the potential for sensitive data breaches.
Ransomware Attack Mechanics
Ransomware attacks typically involve the encryption of files on a victim's computer, rendering them inaccessible until a ransom is paid. In some instances, attackers may also steal data before encrypting it, a strategy known as double extortion. The average ransom payment for such attacks is reported to be $812,360.
The Growing Threat of Ransomware
The escalation of ransomware attacks has emerged as a significant concern, with over 4,000 victims reported in 2023. Despite concerted efforts to mitigate ransomware, the industry continues to expand rapidly, inflicting substantial damage on organizations across the globe.
Sig ID's ransomware attack underscores a broader pattern of cyber threats facing the Business Services sector. The specific vulnerabilities exploited and the full extent of the damage caused by the attack remain unclear.
Sources
- "2023 Internet Security Threat Report" - Symantec - https://www.symantec.com/security-center/threat-report
- "Ransomware Payments Hit New Highs" - Chainalysis - https://www.chainalysis.com/reports/2021-ransomware-payments-report/
- "Global Ransomware Damage Costs Predicted to Reach $20 Billion (USD) by 2021" - Cybersecurity Ventures - https://cybersecurityventures.com/global-ransomware-damage-costs-predicted-to-reach-20-billion-usd-by-2021/
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.