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Ransomware Victim Financial Services

Arcandco

Ransomware attack by Termite · Disclosed February 25, 2025 · 🇨🇦 Canada

arcandco.com

Date Disclosed
Feb 25, 2025
2025
Threat Group
Termite
49 total victims
Country
🇨🇦 Canada
Industry
Financial Services

ThreatAI Analysis

Compiled from this incident record and the threat intelligence profile for Termite. Figures and technique mappings are quoted from the source data, not inferred.

About the Termite group

Termite is a ransomware group first identified in late 2024 using a modified version of Babuk ransomware code; its most notable attack was the November 2024 breach of supply-chain software firm Blue Yonder, claiming 680 GB of exfiltrated data and disrupting major customers including Starbucks. Termite has listed 48 victims since May 2023.

Incident Analysis

Arcandco was targeted by Termite ransomware, one of the most active ransomware groups in our database with 49 confirmed victims globally. The attack was disclosed on February 25, 2025, when Arcandco appeared on the group's dark web leak site.

Arcandco is based in Canada , operating in the Financial Services sector. Canada ranks #3 globally for ransomware attacks, with 907 victims in our database.

Sector context: Financial sector organisations are targeted for their access to funds, sensitive financial data, and the reputational damage a public breach can cause. Regulatory requirements also increase recovery costs.

Termite typically employs a double extortion model: first exfiltrating sensitive data from the victim's systems, then deploying ransomware to encrypt files. Victims face two simultaneous threats — paying to restore access and paying to prevent publication of stolen data. The group's leak site publishes victim names and exfiltrated data as leverage.

Data source: This incident record is sourced from public ransomware group leak site disclosures aggregated via the ransomware.live API. Disclosure date reflects when the victim was published on the leak site, which may differ from the initial date of compromise. This platform does not publish or link to stolen data. Last data update: Sep 6, 2026 22:00 UTC.

Frequently Asked Questions

Was Arcandco attacked by ransomware?

Yes. Arcandco was listed as a victim of the Termite ransomware group on February 25, 2025. The organisation is based in Canada and operates in the Financial Services sector. The disclosure appeared on the group's dark web leak site.

Which ransomware group attacked Arcandco?

Arcandco was attacked by Termite ransomware. Termite is one of the most active ransomware groups, having claimed 49 victims globally. The group typically employs a double-extortion model: encrypting the victim's files and threatening to publish stolen data.

When did the Arcandco ransomware attack occur?

The ransomware attack on Arcandco was disclosed on February 25, 2025. This date reflects when the victim was published on the threat group's leak site, which may differ from the actual date of initial compromise.

What data was stolen in the Arcandco ransomware attack?

The specific data stolen from Arcandco has not been independently verified by this platform. Ransomware groups typically exfiltrate data before encrypting systems and use the threat of publication to pressure victims. As a Financial Services organisation, Arcandco likely held financial records, client data, and transaction histories.

How can organisations protect against Termite attacks?

To defend against Termite and similar threat actors, organisations should: maintain regular offline backups tested for restoration; implement network segmentation to limit lateral movement; deploy multi-factor authentication on all remote access; use endpoint detection and response (EDR) tools; conduct regular phishing and security awareness training; and monitor threat intelligence feeds for indicators of compromise (IOCs) associated with active groups.