Indian conglomerate called Indiabulls Group has been hit by a ransomware attack leading to exposure of confidential data of the financial services group of companies – The group involved in the breach has vowed to leak more data.
It is worth noting that the Indian group, having a net worth of over USD 355,277,980. The group was attacked by Clop ransomware operators, which operates in more or less a similar manner as REvil or Maze groups.
Their modus operandi involves a “steal, lock/encrypt and inform” cycle where they only target a firm after identifying the associated reputational risks for their victim.
Just like other ransomware groups, Clop ransomware operators also used emails to send ransom notes to IndiaBulls threatening to leak the stolen data on dark web hacking forums if their demands are not met.
The stolen data includes four spreadsheets related to the Indiabulls Housing Finance Limited and Indiabulls Pharmaceuticals subsidiaries, and the ransomware operators have so far posted six screenshots of the stolen data.
Until now, the company hasn’t clarified how the attackers were able to access Indiabulls’ network or what sort of data got stolen and how much ransom is demanded by the attackers.
However, Cyble researchers claim that Indiabulls has a vulnerable < ..
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