ragnarlocker attacks Smith Brothers Insurance LLC.

Incident Date: Aug 31, 2022

Attack Overview
VICTIM
Smith Brothers Insurance LLC.
INDUSTRY
Insurance
LOCATION
United Kingdom
ATTACKER
Ragnarlocker
FIRST REPORTED
August 31, 2022

Smith Brothers Insurance LLC Suffers Ransomware Attack

Company Overview

Smith Brothers Insurance, with over 50 years of operation, is recognized as a Top 100 Independent Insurance & Risk Management Broker. The firm is dedicated to providing Total Asset Protection for both families and businesses, aiming to assist clients in managing risk and safeguarding their financial interests.

Industry Standout

Distinct in the insurance sector, Smith Brothers Insurance offers an extensive array of insurance products, including auto, homeowners, life, and business insurance. The company distinguishes itself through its commitment to acting as a family confidant and Enterprise Risk Manager for its clientele.

Vulnerabilities

The precise vulnerabilities exploited in the ransomware attack on Smith Brothers Insurance remain undisclosed. Typically, ransomware attacks leverage flaws in software, utilize outdated systems, or capitalize on human errors, such as the success of phishing emails.

Ransomware Threat

Ransomware attacks pose a significant risk of financial loss, with perpetrators demanding ransom in exchange for decryption keys or threatening the release of sensitive data. For Smith Brothers Insurance, this attack raises concerns over the potential compromise of client data, which could lead to reputational damage and financial repercussions.

The ransomware attack on Smith Brothers Insurance LLC underscores the persistent threat cybercriminals pose to businesses across the spectrum. It is imperative for companies to adopt vigilant and comprehensive cybersecurity strategies to safeguard their assets and uphold client trust.

Sources

Disclaimer

The Halcyon Attacks Lookout Database is compiled using publicly available information based on the hosting choices of real-world threat actors and data from a variety of trackers. This information is provided in accordance with principles of fair use. Halcyon has made reasonable efforts to sanitize and verify the data; however, we do not guarantee the accuracy, completeness, or reliability of the information provided. Updates to the database are made as new source data becomes available from reputable sources.  By accessing, viewing, or using the information within the Halcyon Attacks Lookout Database, you acknowledge and agree to do so entirely at your own risk. No reliance should be placed upon the information for decision-making, and Halcyon disclaims all liability for any inaccuracies or omissions in the data.

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