Incident analysis
New Indy Containerboard was listed by Alphv ransomware, a group with 59 victims recorded in this database. The listing appeared on the group's leak site on February 13, 2024.
New Indy Containerboard is based in United States and operates in the Manufacturing sector. United States ranks #1 worldwide for ransomware disclosures, with 9,971 victims in this database.
Sector context. Manufacturing companies are frequently targeted because production downtime directly translates to financial loss. Ransomware operators exploit this time-sensitivity to demand higher ransoms and faster payment.
Alphv 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files are encrypted, so the victim faces two demands at once — pay to restore access, and pay to keep stolen data unpublished.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.