lockbit3 attacks Tapco Credit Union
Incident Date:
September 14, 2022
Overview
Title
lockbit3 attacks Tapco Credit Union
Victim
Tapco Credit Union
Attacker
Lockbit3
Location
First Reported
September 14, 2022
Tapco Credit Union Targeted by Lockbit3 Ransomware Group
Victim Profile
Tapco Credit Union is a financial institution that operates in the finance sector. The size of the company and its specific market share or industry position are not provided in the search results. However, the company's website indicates that it offers a range of financial services, including loans, credit cards, and online banking.
Vulnerabilities and Targeting
The search results do not provide specific information about the vulnerabilities that may have made Tapco Credit Union a target for the Lockbit3 ransomware group. However, the general threat landscape includes an increase in cyber operations connected with physical military actions, cybercrime, and the mobilization of so-called hacktivist groups. Ransomware remains a major threat, with newer malware potentially generating larger losses due to the increasing use of zero-day exploits and supply chain attacks.
Industry Trends and Threats
The cyber insurance market has matured but remains vulnerable to state-sponsored attacks, which can cause widespread damage and economic losses. The London marketplace forecasts that the cyber market will nearly triple in size to $42.5 billion in 2030 from $14.6 billion in 2020. Among major cyber incidents, the 2017 NotPetya attack caused an estimated $10 billion in losses.
The Lockbit3 ransomware group has targeted Tapco Credit Union, a financial institution operating in the United States. The company's website indicates that it offers a range of financial services, but specific information about its size and market position is not provided in the search results. The general threat landscape includes an increase in cyber operations connected with physical military actions, cybercrime, and the mobilization of so-called hacktivist groups. Ransomware remains a major threat, with newer malware potentially generating larger losses due to the increasing use of zero-day exploits and supply chain attacks.
Sources
- "New War & Terrorism Exclusions Complicate Cyber Market - News - Tools & Intel" crcgroup.com
- "Tapco Credit Union" tapcocu.org
Recent Ransomware Attacks
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