Vesuvius, a molten metal flow engineering company listed on the London Stock Exchange, has suffered a cyberattack by the Vice Society ransomware gang.
The group has claimed responsibility for the attack and has published the stolen files on the dark web a month after the company first announced the incident.
The files contain confidential information, and the Vice Society has included a confidentiality notice in the link through which the files can be downloaded. However, this is clearly a gesture to protect its own interests rather than that of Vesuvius or any other party involved in the attack.
The publication of the files indicates that negotiations between Vesuvius and the Vice Society ransomware gang have not gone as the attackers had hoped, and it appears unlikely that they will receive any ransom from the British steel supplier.
The incident highlights the ongoing threat posed by ransomware attacks and the need for organizations to be vigilant and take appropriate measures to protect their networks and data. With increasing reliance on technology and the growing sophistication of cybercriminals, businesses of all sizes are at risk of being targeted.
Ransomware attacks involve the encryption of data, rendering it inaccessible until a ransom is paid. In some cases, even after the ransom is paid, the attackers may not provide the decryption key or may demand additional payments.
Such attacks can be devastating for businesses, causing disruption to operations, financial loss, and damage to reputation. It is therefore essential that organizations take steps to protect themselves against such attacks, including implementing robust cybersecurity measures and educating staff about the risks of phishing and other forms of social engineering.
