lorenz attacks Bonneville

Incident Date: Jun 27, 2022

Attack Overview
VICTIM
Bonneville
INDUSTRY
Business Services
LOCATION
USA
ATTACKER
Lorenz
FIRST REPORTED
June 27, 2022

Bonneville Collections Suffers Ransomware Attack

Company Overview

Bonneville Collections, a debt recovery agency with a history dating back to 1980, has been targeted by the ransomware group Lorenz. The attack was announced on the group's dark web leak site. Bonneville Collections is a member of ACA International, the largest consortium of collection agencies in the U.S. They participate in several ACA programs, including the Healthcare Services Program, the Internet & Check Services Program, and the Government Services Program. The company also holds memberships in various state and local chambers of commerce in the states they operate.

Vulnerabilities

The specific vulnerabilities that led to the ransomware attack on Bonneville Collections have not been publicly disclosed. Nonetheless, ransomware attacks frequently exploit software weaknesses, outdated systems, or human errors, such as phishing emails or inadequately secured remote access points.

Impact

Ransomware attacks can significantly disrupt a company's operations by encrypting data and demanding payment for the decryption key. The financial and reputational repercussions can be profound, with recovery often being a protracted and expensive endeavor.

Response

The response to a ransomware attack typically includes isolating the compromised systems, evaluating the damage's scope, and determining whether to pay the ransom or attempt data recovery independently. In certain instances, law enforcement agencies may offer assistance in identifying and apprehending the perpetrators.

The ransomware attack on Bonneville Collections underscores the persistent threat posed by cybercriminals. It is imperative for companies to maintain vigilance and adopt comprehensive cybersecurity measures to mitigate the risk of such attacks.

Sources

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