Incident analysis
Fidanque Hermanos e Hijos, S.A was listed by Nightspire ransomware, a group with 369 victims recorded in this database. The listing appeared on the group's leak site on March 21, 2026.
Fidanque Hermanos e Hijos, S.A is based in Panama and operates in the Transportation/Logistics sector. Panama ranks #68 worldwide for ransomware disclosures, with 19 victims in this database.
Sector context. Logistics companies are targeted because supply chain disruption has cascading effects on customers and partners, amplifying pressure to pay ransoms quickly to restore operations.
Nightspire 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files are encrypted, so the victim faces two demands at once — pay to restore access, and pay to keep stolen data unpublished.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.