Thomson Broadbent: A Law Firm Targeted by Ransomware Group Snatch

Company Overview

Thomson Broadbent, a law firm operating in the Law Firms & Legal Services sector, has been targeted by the ransomware group Snatch. The attack was announced on the group's dark web leak site. The firm specializes in handling claims related to outdated wayleaves for electric cables across properties. It has built a strong reputation for assisting clients in updating their wayleaves and recovering unpaid compensation, with their website showcasing testimonials from satisfied clients.

Industry Vulnerabilities

The legal services sector is increasingly becoming a prime target for ransomware attacks, with nearly 80% of firms experiencing such attacks in the last two years. In 2021 alone, 37% of businesses reported being hit by ransomware, with the average ransom demand ranging between $200,000 and $300,000. Modern ransomware attacks have evolved beyond simple encryption to include data theft and attempts to destroy backup systems, further complicating mitigation and recovery efforts.

Mitigation Strategies

To effectively mitigate the risk of ransomware attacks, companies, especially law firms, must prioritize comprehensive planning and maintain open communication with all stakeholders. This involves updating business continuity plans to encompass ransomware response strategies, understanding legal and regulatory obligations, rigorously testing ransomware response plans, and closely monitoring the firm's online footprint to detect potential vulnerabilities early.

Sources

• Thomson Broadbent: Client Testimonials
• Darren Thomson on LinkedIn: Nearly 80% of firms hit by ransomware in the last two years
• Insight: Victory Over Ransomware - Law Firm Keeps $1.8 Million With Swift Response
• Thomson Reuters Institute: Practice Innovations: How to survive a ransomware attack
• Thomson Reuters: Ransomware attacks: What at-risk companies need to know
• YouTube: Law Firm Sues IT Provider Over Ransomware Attack