Ransomware Attack on Retirement Line by Snatch

Incident Date:

April 5, 2024

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Overview

Title

Ransomware Attack on Retirement Line by Snatch

Victim

Retirement Line

Attacker

Snatch

Location

Peterborough, United Kingdom

, United Kingdom

First Reported

April 5, 2024

Retirement Line Targeted by Ransomware Group Snatch

Overview

Retirement Line, the UK's largest pension annuity broker, has fallen victim to a ransomware attack by the notorious group Snatch.Specializing in the Finance sector, Retirement Line is renowned for assisting individuals in securing the best annuity rates for their retirement.

Background

Known for its expert advice and competitive rate, . Retirement Line holds a significant position in the UK's pension market. The company's website emphasizes its dedication to helping customers make well-informed decisions regarding their retirement income, offering a free, no-obligation annuity quote service.

The specific vulnerabilities that made Retirement Line a target for Snatch are not explicitly disclosed. Nevertheless, the company's size and industry standing make it an appealing target for cybercriminals looking to exploit potential weaknesses in its cybersecurity defenses as The Snatch ransomware group has been linked to a number of high-profile attacks.

Implications

The recent ransomware incident targeting Retirement Line highlights the ongoing danger that cybercriminals present to businesses and organizations in different industries. With the ever-changing digital environment, it is crucial for companies to stay alert and prioritize strong cybersecurity protocols to protect their valuable data and activities.

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.