SpearTip | June 3rd, 2022

Through the first five months of 2022, ransomware attacks are on the rise. This latest installment of ‘Weekly Ransomware Wrap-Up’ is an indication of just how challenging it is to navigate the threat landscape.

Industrial Spy, an organization known for hosting a data extortion marketplace, launched its own ransomware variant. Threat actors are increasingly finding ways to target and exploit individuals and businesses.

Australian construction company, Pivotal Homes, collapsed into bankruptcy within weeks of suffering a ransomware attack. Similarly, Lincoln College of Illinois was forced to close after 157 years following ransomware that impacted enrollment and financial services.

The recent Conti ransomware attack against the Costa Rican government was compounded by a second wave of ransomware. Hive operators targeted and disrupted the country’s health services infrastructure.

The Mexican factory of global electronics manufacturer, Taiwan-based Foxconn, was victimized by LockBit ransomware. The ransomware operators claim to hold a trove of stolen data, which they threaten to publish if no ransom is paid.

Hanesbrands Inc., a leading multinational clothing company, announced it experienced a ransomware attack. The impact and extent of the breach are unclear as the investigation is ongoing.

These ransomware attacks demonstrate the importance of maintaining a mature security posture and ensuring all business-critical data is stored on backup servers disconnected from a company’s primary networks.

If your company is experiencing a breach, call our Security Operations Centers at 833.997.7327 to speak directly with an engineer.