The notorious LockBit ransomware group has expanded its list of victims, ensnaring KWH Freeze in its malicious activities. The cybercriminals behind the attack have issued a warning, declaring their intent to publish the compromised organization’s data on November 27, 2023.
While the organization has yet to release an official statement regarding the KWH Freeze data breach, the urgency to address and counteract such cyber threats is paramount.
KWH Freeze Data Breach
The Cyber Express team has diligently engaged with officials to verify the KWH Freeze data breach claim. Notably, upon accessing their official website, it was found to be fully functional.
This revelation adds a layer of complexity to the situation, raising questions about the validity of the cybercriminals’ threats related to KWH Freeze data breach. While the organization’s silence on the matter is palpable, the Cyber Express team continues to monitor developments closely, emphasizing the urgency for swift action and heightened cybersecurity measures.
With a history dating back to 1965, KWH Freeze stands as Finland’s largest player in frozen food storage. Catering to customers of all sizes – from those with a single pallet to those with a colossal 10,000 pallets – KWH Freeze serves wholesale dealers, key players in the food industry, and frozen food distributors.
LockBit’s Previous Targets
LockBit’s modus operandi typically involves infiltrating a target’s network, encrypting crucial files, and then demanding a ransom for the decryption key. Failure to comply with their demands often results in the publication of the stolen data, leading to reputational damage, financial losses, and legal consequences for the affected organizations.
The KWH Freeze data breach is not the first orchestrated by the notorious LockBit ransomware group against a targeted organization.
In the initial week of November, the Japan-based bicycle parts manufacturing giant, Shimano, reportedly succumbed to a cyberattack executed by the same nefarious group.
The LockBit ransomware operators assert unauthorized access to a staggering 4.5 terabytes of data during their attacks. This vast repository encompasses sensitive employee information such as IDs, NRIC and IC numbers, TIN numbers, and SSS numbers.
Contact details, including email addresses and telephone numbers, have also been compromised. The extent of the breach goes beyond personal data, extending to confidential documents such as contracts, financial records, client databases, reports, presentations, and various internal documents.
Moreover, the LockBit ransomware group’s reign of digital terror continued in October when Foremost Groups, Ltd became the latest victim of their malevolent activities. In a disturbing escalation, the group declared its intent to target three prominent US organizations in June 2023: RAM Mutual Insurance Company, GSL Electric Inc., and Erie Materials Inc.
These successive attacks underscore the relentless nature of the LockBit ransomware group, leaving a trail of compromised organizations in its wake. The group’s penchant for targeting entities across various industries and geographies raises concerns about the evolving sophistication of cyber threats. As organizations worldwide grapple with the aftermath of these attacks, the cybersecurity landscape faces mounting challenges in combating this ever-adapting adversary.
With each new incident, the importance of robust cybersecurity measures and international collaboration in the fight against ransomware becomes increasingly evident. As law enforcement agencies and cybersecurity experts strive to trace and apprehend the perpetrators, organizations are urged to remain vigilant, fortify their defenses, and prioritize proactive cybersecurity measures to mitigate the impact of such malicious attacks.
As the clock ticks towards the ominous date of November 27, 2023, the cybersecurity landscape remains on edge, awaiting the outcome of this latest cyber skirmish between LockBit and its unfortunate victim, KWH Freeze.
Media Disclaimer: This report is based on internal and external research obtained through various means. The information provided is for reference purposes only, and users bear full responsibility for their reliance on it. The Cyber Express assumes no liability for the accuracy or consequences of using this information.