https://news.sky.com/story/cyber-criminals-hacked-london-based-company-and-demanded-ransom-11910928
February 10, 2020
It is not uncommon for companies to be hacked into by cyber criminals. Sadly, it has actually become a seemingly common trend. However, what is odd about this breach is that the company waited for two weeks to report it. They noticed all the signs of it being a possible attack but never told regulators. The reasoning behind this….ransom.
The Maze cyber criminal group claimed that they compromised three-hundred gigabytes of information from London Offshore Consultants. They then leaked some online in order to coax the company into paying a ransom. “The Maze hacking organization has been extorting victims globally by breaching their computer networks, stealing information and then encrypting the computers to render them unusable.” This is what they lead LOC Group to believe, prolonging the time the could have spent getting help to investigate the issue.
It is unclear if they actually paid the ransom and that is why they are coming forth with the issue however, what can be learned here is that if you think something is wrong find a way to report it. Yes, the company has a lot to lose by going behind the backs of those who are holding information over their head but, by waiting they made the damage much worse. They are still in the process of trying to retaining the data but who knows how long that is going take.
Carri Writes 