Malabar Gold & Diamonds finds itself entangled in a suspected data breach following an apparent cyberattack by the notorious Snatch ransomware group.
The syndicate had purportedly claimed responsibility for the breach at the India-based jewelry retailer, having successfully penetrated its systems and extracted a substantial amount of data, amounting to 270 GB.
Established in 1993 by M. P. Ahammed, Malabar Gold & Diamonds is an Indian jewelry conglomerate headquartered in Kozhikode, Kerala. With over 330 showrooms spanning 11 countries, it stands as one of the globe’s premier chains of jewelry retailers.
The Snatch ransomware group, known for its aggressive tactics and targeting high-profile entities, has added Malabar Gold & Diamonds to its data leak site with a long story about its founder and CEO.
Malabar Gold & Diamonds Data Breach Claimed by Snatch Ransomware
According to posts shared by the threat actors, the Malabar Gold & Diamonds data breach allegedly includes sensitive information about key figures within Malabar Gold & Diamonds, including Mr. M. P. Ahammed, the esteemed chairman of the Malabar Group of Companies and founder of Malabar Gold and Diamonds.
The leaked data purportedly contains details about the company’s financial performance, turnover figures, and background information about its leadership.
“Let us start with the CEO of Malabar Gold and Diamonds – so meet Mr. Ahammed: M. P. Ahammed (born 1 November 1957) is an Indian businessman and the chair of Malabar Group of Companies. He is also the founder of Malabar Gold and Diamonds, one of the world’s largest retail jewelry groups”, reads the threat actor post.
Mr. Ahammed, a prominent Indian businessman renowned for his entrepreneurial acumen, has steered Malabar Gold & Diamonds to remarkable success over the years. However, this alleged Malabar Gold & Diamonds breach targets the legacy of the renowned jewelry retailer.
Malabar Gold & Diamonds Breach Reaches the US Branch
Furthermore, the Snatch ransomware group has also disclosed information about Mr. Joseph Eapen, who oversees US operations at Malabar Gold & Diamonds.
The leaked data reportedly includes Eapen’s contact details and professional information, raising concerns about the potential exploitation of sensitive personal information.
In response to these alarming developments, The Cyber Express reached out to Malabar Gold & Diamonds for official comment or clarification regarding the alleged data breach. However, as of the time of writing, no statement or response has been received from the organization.
The lack of an official response leaves the claims surrounding the Malabar Gold & Diamonds data breach unverified. This is an ongoing story and TCE will be closely monitoring the situation.
We’ll update this post once we have more information on the Malabar Gold & Diamonds data breach or any official confirmation from the organization.
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