vicesociety attacks The Magnum

Incident Date:

June 15, 2022

World map

Overview

Title

vicesociety attacks The Magnum

Victim

The Magnum

Attacker

Vicesociety

Location

Albany, United Kingdom

Edinburgh, United Kingdom

First Reported

June 15, 2022

The Magnum Restaurant: A Target for Ransomware Attacks

The Magnum, a restaurant in Edinburgh, has recently fallen victim to a ransomware attack. The restaurant, which offers a unique dining experience with a focus on local produce and a relaxed atmosphere, has been targeted by the vicesociety group, as announced on their dark web leak site. The attack on The Magnum is part of a broader trend of ransomware attacks in the hospitality industry, which has been on the rise in recent years.

The Hospitality Industry's Vulnerabilities

The hospitality sector, which includes hotels, restaurants, and bars, is particularly vulnerable to ransomware attacks due to its reliance on digital technologies for business-critical operations such as processing payments, accounting, and reserving tables or rooms. In the case of hotels, this use of technology even extends to providing key-card access to rooms using computer-controlled technology. The computer systems used in hospitality, such as POS systems, and the networks they are connected to are often targeted by ransomware attacks.

The Impact of Ransomware on The Magnum

The ransomware attack on The Magnum could have significant consequences for the restaurant. Ransomware attacks can cause operational disruption and potentially lead to the exfiltration of sensitive data, which could be costly for the restaurant in terms of both financial losses and reputational damage. The hospitality industry is still recovering from the after-effects of the pandemic, which saw steep decreases in customers for many businesses, making a serious breach of customer data even more damaging.

Previous Ransomware Attacks in the Hospitality Industry

The Magnum is not the first hospitality business to be targeted by ransomware. In 2021, hotel management software provider Techotel was hit by a ransomware attack that impacted the ability to conduct normal check-in and check-out operations at hundreds of hotels. Other high-profile attacks in the hospitality sector include those on Marriott International and InterContinental Hotels Group, which both experienced significant data breaches.

Mitigating Ransomware Risks

To mitigate the risks of ransomware attacks, hospitality businesses should adopt a security-first culture among their staff, educating them on cybersecurity best practices and the dangers of phishing emails. Regular software updates and patch management are also crucial to prevent ransomware attacks that exploit unpatched software vulnerabilities. Implementing prudent access controls and securing IoT devices properly can also help prevent ransomware attacks.

In conclusion, the ransomware attack on The Magnum is a reminder of the ongoing threat that ransomware poses to businesses in the hospitality sector. As the industry continues to rely on digital technologies for critical operations, it is essential for businesses to take proactive measures to protect themselves from ransomware attacks.

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.