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Ransomware victim Financial Services

crowe.com.za

Listed by Lockbit3 on · organisation based in South Africa

crowe.com.za

Disclosed
Jan 29, 2024
Leak-site listing date
Threat group
Lockbit3
578 victims listed
Country
South Africa
#31 most targeted
Sector
Financial Services

ThreatAI analysis

Compiled from this incident record and the threat intelligence profile for Lockbit3. Figures and technique mappings are quoted from the source data, not inferred.

About the Lockbit3 group

LockBit, also recognized as LockBit Black or Lockbit 3.0, is one of the largest Ransomware Groups in the world and has orchestrated extensive cyberattacks across various industries, impacting thousands of organizations globally with its relentless and adaptive strategies. Lockbit3 has listed 2,016 victims since December 2021.

Incident analysis

crowe.com.za was listed by Lockbit3 ransomware, a group with 578 victims recorded in this database. The listing appeared on the group's leak site on January 29, 2024.

crowe.com.za is based in South Africa and operates in the Financial Services sector. South Africa ranks #31 worldwide for ransomware disclosures, with 111 victims in this 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.

Lockbit3 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files are encrypted, so the victim faces two demands at once — pay to restore access, and pay to keep stolen data unpublished.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.

Frequently asked questions

Was crowe.com.za attacked by ransomware?

Yes. crowe.com.za was listed as a victim of the Lockbit3 ransomware group on January 29, 2024. The organisation is based in South Africa and operates in the Financial Services sector. The disclosure appeared on the group's dark web leak site.

Which ransomware group attacked crowe.com.za?

crowe.com.za was attacked by Lockbit3 ransomware. Lockbit3 is one of the most active ransomware groups, having claimed 578 victims globally. The group typically employs a double-extortion model: encrypting the victim's files and threatening to publish stolen data.

When did the crowe.com.za ransomware attack occur?

The ransomware attack on crowe.com.za was disclosed on January 29, 2024. 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 crowe.com.za ransomware attack?

The specific data stolen from crowe.com.za 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, crowe.com.za likely held financial records, client data, and transaction histories.

How can organisations protect against Lockbit3 attacks?

To defend against Lockbit3 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.