Parker Development Hit by Dispossessor Ransomware, Data Compromised
Incident Date:
August 11, 2024
Overview
Title
Parker Development Hit by Dispossessor Ransomware, Data Compromised
Victim
Parker Development Company
Attacker
Dispossessor
Location
First Reported
August 11, 2024
Ransomware Attack on Parker Development Company by Dispossessor
Parker Development Company, a prominent real estate developer based in the Sacramento area, has recently fallen victim to a ransomware attack orchestrated by the notorious data broker ransomware group known as Dispossessor. The attack has compromised sensitive data, with Dispossessor claiming responsibility for the breach on their dark web leak site.
About Parker Development Company
Established in 1956, Parker Development Company specializes in the creation of master-planned communities. The company is renowned for its innovative and environmentally sensitive designs, having received approximately 120 awards for its work. Notable projects include the Serrano community in El Dorado Hills, The Parkway in Folsom, and the proposed Village at Marble Valley. Under the leadership of Bill Parker since 1976, the company has expanded its focus to include homebuilding, significantly contributing to its reputation in the industry.
Attack Overview
The ransomware attack on Parker Development Company has compromised sensitive data, with Dispossessor claiming responsibility. Dispossessor announced the availability of the stolen data for download and sale on multiple dark web forums, including BreachForums and XSS.
About Dispossessor Ransomware Group
Dispossessor emerged in the ransomware scene following a significant crackdown on the notorious LockBit group. The group closely resembles LockBit in structure and content, suggesting either a rebranding effort by the same operators or a new group leveraging LockBit’s infrastructure. Dispossessor operates under the Ransomware-as-a-Service (RaaS) model, allowing affiliates to distribute ransomware and execute attacks on various targets. Unlike typical ransomware groups, Dispossessor functions primarily as data brokers, publishing data leaks from other groups.
Potential Vulnerabilities
Parker Development Company's focus on large-scale community projects and its significant presence in the local real estate market make it an attractive target for ransomware groups. The company's commitment to environmental sustainability and innovative land use practices may have led to the implementation of advanced technological systems, which, if not adequately secured, could be vulnerable to cyberattacks.
Sources
Recent Ransomware Attacks
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