Ransomware Attack Hits Advantage CDC by Meow Group
Incident Date:
October 8, 2024
Overview
Title
Ransomware Attack Hits Advantage CDC by Meow Group
Victim
Advantage CDC
Attacker
Meow
Location
First Reported
October 8, 2024
Ransomware Attack on Advantage CDC: A Closer Look at the Meow Ransomware Group's Latest Target
Advantage Certified Development Corporation (Advantage CDC), a nonprofit organization based in Long Beach, California, has recently fallen victim to a ransomware attack orchestrated by the notorious Meow Ransomware group. This attack has compromised over 20 GB of sensitive data, including employee and client information, financial documents, and personal data such as Social Security numbers and tax forms.
About Advantage CDC
Advantage CDC is a private not-for-profit organization that operates under the U.S. Small Business Administration (SBA). It specializes in providing low-cost, long-term loans through the SBA 504 loan program, which aids small businesses in acquiring commercial real estate and equipment. With a focus on community development and economic growth, Advantage CDC plays a crucial role in empowering small business owners in California. The organization employs approximately 11 individuals, indicating a small to mid-sized company structure.
Details of the Attack
The Meow Ransomware group has demanded a ransom of $24,000 for the release of the stolen data. The breach exposes critical insights into Advantage CDC's operations, potentially impacting its mission to support small businesses, particularly in underserved communities. The attackers are marketing the stolen data to financial professionals and business analysts, highlighting the potential value of the information.
Profile of the Meow Ransomware Group
Emerging in late 2022, the Meow Ransomware group is associated with the Conti v2 ransomware variant. Known for targeting industries with sensitive data, such as healthcare and finance, the group employs various infection methods, including phishing emails and exploiting Remote Desktop Protocol vulnerabilities. Meow Ransomware uses a combination of the ChaCha20 and RSA-4096 algorithms to encrypt data, leaving behind a ransom note instructing victims to contact them via email or Telegram.
Potential Vulnerabilities
Advantage CDC's small size and focus on financial services make it an attractive target for ransomware groups like Meow. The organization's reliance on digital systems for processing SBA 504 loans and managing sensitive client data may have presented vulnerabilities that the attackers exploited. The breach underscores the importance of cybersecurity measures, particularly for organizations handling sensitive financial information.
Sources
Recent Ransomware Attacks
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