Tag Archive for: Cyberattack

Motilal Oswal falls prey to cyber-attack by ransomware group LockBit, shares fall 2%

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Shares of Motilal Oswal Financial Services fall over two percent in early trade on February 19 after the domestic broking firm was targeted in a cyber-attack by ransomware group LockBit, according to TechCrunch.

The ransomware group added Motilal Oswal to its dark web leak site on Tuesday, in an attempt to blackmail the brokerage for ransom payments. On failure to meet their demands, LockBit threatened to make all the stolen data public.

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At 9.17 am, shares of the brokerage were quoting Rs 1,800 apiece on the NSE, down 2.1 percent.

The domestic brokerage has around six million clients, with total assets under management of around $53 billion.

A spokesperson for the company did not respond to Moneycontrol queries.

India’s Computer Emergency Response Team was in the process of taking all appropriate action, according to the TechCrunch report.

Last year, LockBit launched cyber attacks on Granules India and public sector enterprise National Aerospace Laboratories. The gang is one of the most prolific ransomware gangs of all time, who have previously attacked IT major Accenture, UK’s Royal Mail, Boeing, and the Industrial & Commercial Bank of China.

“This had a major effect on the operations of our business due to significant changes in our IT systems and the time needed for meeting the regulatory expectations, qualifications, recertifications, and fine-tuning of quality and production systems,” the company said.

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Motilal Oswal Financial Services provides various diversified financial services in India. It offers a range of financial products and services, such as wealth management, retail broking and distribution, institutional broking, asset management, commodity broking, private equity, investment banking, and principal strategies.

Over the past one month, shares of Motilal Oswal Financial Services have gained more than 15 percent, with shares settling…

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CALS shut down its Internet network after being hit with possible cyberattack | The Arkansas Democrat-Gazette

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February 15, 2024 at 5:07 p.m.

by
Daniel McFadin



FILE- The Main Library branch of the Central Arkansas Library System on Thursday, April 30, 2020, in Little Rock. (Arkansas Democrat-Gazette/Thomas Metthe)

The Central Arkansas Library System and independent third parties are investigating “unexpected activity” that shut down its Internet network and forced CALS to keep the IT and all connected systems offline for the last 10 days, a library official confirmed Thursday.

The

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Cyber-security expert believes it will take months before Fulton Co. recovers from cyberattack

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A cyber-security expert says it could take months before Fulton County fully recovers from a ransomware attack.

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It’s been nearly three weeks since the county government’s computer system was hacked, disrupting many services.

Channel 2′s Bryan Mims was in Roswell where county officials are also saying some personal information may have been leaked.

They haven’t said whether it was county employees or residents whose information may have been compromised.

Many services are still down. The East Roswell Library is open, but all the computers are out of service.

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Cybersecurity expert Rajiv Garb says you can protect yourself if you’re concerned your information has been exposed.

Garb says that could take weeks to months and we’re three weeks into this attack.

Chairman Robb Pitts said if any personal information has been compromised, the county will offer services to protect the victims.

The county is providing updates on the breach on its website.

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Fulton County government systems still down due to cyberattack

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Many Fulton government systems in addition to the library’s public computers remained down following the weekend’s cyberattack. Phones at county offices are out and several offices — including elections, the tax commissioner, Superior Court clerk, county service centers and Probate Court service centers — are all closed.

Only satellite offices for license tag renewals are open, said county spokeswoman Jessica Corbitt. Tags can also be renewed at the automated kiosks in various locations. Courts are operating with “backup processes,” but online public functions aren’t working.

Matt Coggin is hoping he’s close to securing a liquor license for the Roswell Road location of his DBA Barbecue.

“I’m supposed to go before the liquor review board Monday or Tuesday,” said Coggin, who’s been following coverage of Fulton County’s digital woes. “I’m scared, but I’m going to keep my fingers crossed. We’re kind of near the end.”

DBA already operates a Virginia-Highland location and Coggin is hopeful the tech wreck will be over quickly.

“I’m optimistic this will all be cleared up soon,” he said. “I’m feeling lucky.”

Matt Coggin.

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Few details have been released about the attack. Many county offices were closed Monday, when County Commission Chair Robb Pitts confirmed there had been a “cybersecurity incident” over the weekend. He said he didn’t know when county functions would be restored.

“At this time we are not aware of any transfer of sensitive information about Fulton County citizens or employees,” Pitts said.

Law enforcement is investigating, and county officials don’t expect to release much more information while that continues.

The lack of details released so far makes it hard to tell the scope and effects of the attack, said cybersecurity expert Brendan Saltaformaggio, associate professor at Georgia Tech’s School of Cybersecurity & Privacy.

“I really would encourage Fulton to get that information out to the public as quickly as they can,” he said.

What stands out to Saltaformaggio so far is the “big spread of systems” that were affected. That could be due to one very broad-based attack or several small ones,…

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