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Ransomware Victim Financial Services

Madison Capital & WPM & The Time Group

Ransomware attack by Play Β· Disclosed January 2, 2024 Β· πŸ‡ΊπŸ‡Έ United States

madisoncapital.com www.wpmllc.com www.thetimegroup.com

Date Disclosed
Jan 2, 2024
2024
Threat Group
Play
935 total victims
Country
πŸ‡ΊπŸ‡Έ United States
Industry
Financial Services

Incident Analysis

Madison Capital & WPM & The Time Group was targeted by Play ransomware, one of the most active ransomware groups in our database with 935 confirmed victims globally. The attack was disclosed on January 2, 2024, when Madison Capital & WPM & The Time Group appeared on the group's dark web leak site.

Madison Capital & WPM & The Time Group is based in United States , operating in the Financial Services sector. United States ranks #1 globally for ransomware attacks, with 8,959 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.

Play 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 β€” 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: Aug 1, 2026 00:00 UTC.

Frequently Asked Questions

Was Madison Capital & WPM & The Time Group attacked by ransomware?

Yes. Madison Capital & WPM & The Time Group was listed as a victim of the Play ransomware group on January 2, 2024. The organisation is based in United States and operates in the Financial Services sector. The disclosure appeared on the group's dark web leak site.

Which ransomware group attacked Madison Capital & WPM & The Time Group?

Madison Capital & WPM & The Time Group was attacked by Play ransomware. Play is one of the most active ransomware groups, having claimed 935 victims globally. The group typically employs a double-extortion model: encrypting the victim's files and threatening to publish stolen data.

When did the Madison Capital & WPM & The Time Group ransomware attack occur?

The ransomware attack on Madison Capital & WPM & The Time Group was disclosed on January 2, 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 Madison Capital & WPM & The Time Group ransomware attack?

The specific data stolen from Madison Capital & WPM & The Time Group 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, Madison Capital & WPM & The Time Group likely held financial records, client data, and transaction histories.

How can organisations protect against Play attacks?

To defend against Play 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.