Olam Group Suffers Ransomware Attack by Everest

Company Overview

Olam Group is a global food and agribusiness company that supplies food, ingredients, feed, and fibre to over 20,000 customers worldwide. The company's annual report for 2022 highlights their commitment to sustainability and their dedication to supporting their businesses in embracing sustainable practices.

Vulnerabilities and Impact

The ransomware group Everest, known for deploying the ALPHV ransomware, has targeted Olam Group. ALPHV is a Ransomware as a Service (RaaS) operation that supports execution on various operating systems, including Windows, Linux-based systems, and VMWare ESXi. The attackers can delete volume shadow copies, stop processes and services, and stop virtual machines on ESXi servers to maximize the amount of ransomed data.

Mitigation and Response

While the specific details of the attack on Olam Group are not available, it is crucial for companies to implement robust cybersecurity measures to protect against ransomware attacks. This includes regular software updates, employee training, and the use of reliable backup systems to minimize the impact of data loss.

Sources

• Olam Group Limited Annual Report 2022
• RansomLook: Groups profiles - RansomLook
• Ransomware Posts - GitHub Pages: GitHub
• ETC Group: FOODBARONS2022 - ETC Group