Sasha Adler Design Targeted by Ragnarlocker Ransomware Group

Company Background

Sasha Adler Design is a design firm that offers a range of services, including graphic design, branding, and web design. The company's website provides information about its work, press, and contact details, but lacks detailed information about its size, clientele, or specific industry focus.

Ransomware Attack

Ragnarlocker is a ransomware group that has been active since at least November 2021. Known for deploying ransomware that encrypts files using either the AES or ChaCha20 encryption algorithms, the group's attack on Sasha Adler Design is indicative of the increasing frequency and cost of ransomware attacks on businesses over the past decade.

Cybersecurity Challenges

Cyber insurance has emerged as a vital tool for businesses to mitigate the financial impact of cyberattacks. However, the cyber insurance market is in a state of evolution, with policies varying greatly in terms of covered risks and the language defining those risks. This variability introduces uncertainty for businesses, potentially leaving them unprotected against certain types of cyberattacks, including ransomware attacks like the one targeting Sasha Adler Design.

The attack on Sasha Adler Design by Ragnarlocker underscores the persistent threat of ransomware to businesses across various sectors. Despite the protective buffer provided by cyber insurance, it is imperative for companies to also adopt comprehensive cybersecurity measures to diminish their risk of falling victim to threat actors.

Sources

• Sasha Adler Design - About, Work, Press, Contact
• The Growth and Challenges of Cyber Insurance - Insurance Journal
• ALPHV details - Malwarebytes