snatch attacks Thomson Broadbent
Incident Date:
January 25, 2022
Overview
Title
snatch attacks Thomson Broadbent
Victim
Thomson Broadbent
Attacker
Snatch
Location
First Reported
January 25, 2022
Thomson Broadbent: A Law Firm Targeted by Ransomware Group Snatch
Company Overview
Thomson Broadbent, a law firm operating in the Law Firms & Legal Services sector, has been targeted by the ransomware group Snatch. The attack was announced on the group's dark web leak site. The firm specializes in handling claims related to outdated wayleaves for electric cables across properties. It has built a strong reputation for assisting clients in updating their wayleaves and recovering unpaid compensation, with their website showcasing testimonials from satisfied clients.
Industry Vulnerabilities
The legal services sector is increasingly becoming a prime target for ransomware attacks, with nearly 80% of firms experiencing such attacks in the last two years. In 2021 alone, 37% of businesses reported being hit by ransomware, with the average ransom demand ranging between $200,000 and $300,000. Modern ransomware attacks have evolved beyond simple encryption to include data theft and attempts to destroy backup systems, further complicating mitigation and recovery efforts.
Mitigation Strategies
To effectively mitigate the risk of ransomware attacks, companies, especially law firms, must prioritize comprehensive planning and maintain open communication with all stakeholders. This involves updating business continuity plans to encompass ransomware response strategies, understanding legal and regulatory obligations, rigorously testing ransomware response plans, and closely monitoring the firm's online footprint to detect potential vulnerabilities early.
Sources
- Thomson Broadbent: Client Testimonials
- Darren Thomson on LinkedIn: Nearly 80% of firms hit by ransomware in the last two years
- Insight: Victory Over Ransomware - Law Firm Keeps $1.8 Million With Swift Response
- Thomson Reuters Institute: Practice Innovations: How to survive a ransomware attack
- Thomson Reuters: Ransomware attacks: What at-risk companies need to know
- YouTube: Law Firm Sues IT Provider Over Ransomware Attack
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.