ragnarlocker attacks Smith Brothers Insurance LLC.
Incident Date:
August 31, 2022
Overview
Title
ragnarlocker attacks Smith Brothers Insurance LLC.
Victim
Smith Brothers Insurance LLC.
Attacker
Ragnarlocker
Location
First Reported
August 31, 2022
Smith Brothers Insurance LLC Suffers Ransomware Attack
Company Overview
Smith Brothers Insurance, with over 50 years of operation, is recognized as a Top 100 Independent Insurance & Risk Management Broker. The firm is dedicated to providing Total Asset Protection for both families and businesses, aiming to assist clients in managing risk and safeguarding their financial interests.
Industry Standout
Distinct in the insurance sector, Smith Brothers Insurance offers an extensive array of insurance products, including auto, homeowners, life, and business insurance. The company distinguishes itself through its commitment to acting as a family confidant and Enterprise Risk Manager for its clientele.
Vulnerabilities
The precise vulnerabilities exploited in the ransomware attack on Smith Brothers Insurance remain undisclosed. Typically, ransomware attacks leverage flaws in software, utilize outdated systems, or capitalize on human errors, such as the success of phishing emails.
Ransomware Threat
Ransomware attacks pose a significant risk of financial loss, with perpetrators demanding ransom in exchange for decryption keys or threatening the release of sensitive data. For Smith Brothers Insurance, this attack raises concerns over the potential compromise of client data, which could lead to reputational damage and financial repercussions.
The ransomware attack on Smith Brothers Insurance LLC underscores the persistent threat cybercriminals pose to businesses across the spectrum. It is imperative for companies to adopt vigilant and comprehensive cybersecurity strategies to safeguard their assets and uphold client trust.
Sources
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.