Incident analysis
Codival was listed by Spacebears ransomware, a group with 166 victims recorded in this database. The listing appeared on the group's leak site on August 21, 2024.
Codival is based in Côte d’Ivoire and operates in the Technology sector. Côte d’Ivoire ranks #107 worldwide for ransomware disclosures, with 6 victims in this database.
Sector context. Technology companies hold intellectual property, customer data, and source code — all highly valuable assets. A successful ransomware attack can also put downstream customers at risk through supply chain exposure.
Spacebears typically follows a double extortion model: data is exfiltrated from the victim's systems before files are encrypted, so the victim faces two demands at once — pay to restore access, and pay to keep stolen data unpublished. The leak site, where this listing appeared, is the lever for the second demand.