Snatch Ransomware Hits Seven Seas Group A Global Wake-Up Call
Incident Date:
April 5, 2024
Overview
Title
Snatch Ransomware Hits Seven Seas Group A Global Wake-Up Call
Victim
Seven Seas Group
Attacker
Snatch
Location
First Reported
April 5, 2024
Seven Seas Group Suffers Ransomware Attack by Snatch Group
Overview
The maritime services group Seven Seas Group has been targeted by the ransomware group Snatch, as reported on their dark web leak site. Seven Seas Group holds a strong worldwide presence specializing in providing general ship supplies, stores, spare parts, and leading technical maritime brands through its extensive global network, was founded in 1971 and has a vision to be the preferred partner in ship supply through superior service and cost level.
The size of the company and its global presence make it a significant target for ransomware groups. The attack by Snatch is part of a larger trend of ransomware attacks on various industries, including healthcare, finance, insurance, legal, professional, scientific, and technical services.
Implications
The Snatch group has been known to exploit weaknesses in Remote Desktop Protocol (RDP) as a primary method of gaining access to victim’s networks, often achieved through brute-forcing, where they leverage administrator credentials, sometimes even seeking compromised credentials from criminal forums and marketplaces.
Ultimately the ransomware attack on Seven Seas Group highlights the need for robust cybersecurity measures to protect against such threats. Companies in the transportation sector, like Seven Seas Group, must prioritize cybersecurity to safeguard their operations and customer data.
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.