SM EMBALLAGE Faces Data Loss and Financial Repercussions in SpaceBears Ransomware Attack

Incident Date:

May 4, 2024

World map



SM EMBALLAGE Faces Data Loss and Financial Repercussions in SpaceBears Ransomware Attack






Casablanca, Morocco

, Morocco

First Reported

May 4, 2024

Ransomware Attack on SM EMBALLAGE by SpaceBears

Company Profile: SM EMBALLAGE

SM EMBALLAGE, a Moroccan family-owned business established in 2003, specializes in innovative packaging solutions. With a focus on the manufacturing sector, the company has evolved from importing and selling packaging materials to establishing its own plastic transformation unit in 2013. Employing between 11-50 individuals, SM EMBALLAGE is recognized for its customized packaging that enhances product safety, adaptability, and communication with consumers. The company's commitment to eco-design, waste recovery, and traceability highlights its dedication to sustainability within the packaging industry.

Overview of the Attack

The ransomware group SpaceBears has recently claimed responsibility for an attack on SM EMBALLAGE, as announced on their dark web leak site. This incident marks a significant disruption for the company, potentially leading to substantial data loss and financial repercussions. SpaceBears, which operates a surprisingly corporate-like clearnet site out of Moscow, Russia, has targeted various organizations globally, indicating a sophisticated operational capability.

SpaceBears Ransomware Group

SpaceBears distinguishes itself with a more polished web presence compared to typical ransomware groups. This Russian-based collective has been involved in multiple high-profile ransomware attacks, demanding large ransoms for decryption keys. The exact nature of their penetration techniques remains unclear, but their widespread targeting suggests a capability to exploit common vulnerabilities in business IT infrastructures, possibly through phishing, exploiting unpatched systems, or credential stuffing.


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.