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Ransomware victim Technology

ips-securex.com

Listed by Lockbit3 on · organisation based in Singapore

ips-securex.com

Disclosed
Jan 5, 2024
Leak-site listing date
Threat group
Lockbit3
578 victims listed
Country
Singapore
#16 most targeted
Sector
Technology

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

ips-securex.com 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 5, 2024.

ips-securex.com is based in Singapore and operates in the Technology sector. Singapore ranks #16 worldwide for ransomware disclosures, with 188 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.

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files are encrypted, so the victim faces two demands at once — pay to restore access, and pay to keep stolen data unpublished.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 ips-securex.com attacked by ransomware?

Yes. ips-securex.com was listed as a victim of the Lockbit3 ransomware group on January 5, 2024. The organisation is based in Singapore and operates in the Technology sector. The disclosure appeared on the group's dark web leak site.

Which ransomware group attacked ips-securex.com?

ips-securex.com 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 ips-securex.com ransomware attack occur?

The ransomware attack on ips-securex.com was disclosed on January 5, 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 ips-securex.com ransomware attack?

The specific data stolen from ips-securex.com 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 Technology organisation, ips-securex.com likely held source code, intellectual property, and customer data.

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.