Skip to content
Cyber Threat
CTI Academy Sponsor CTI Academy
Ransomware victim Hospitality and Tourism

Palmgold Management Sdn Bhd

Listed by Crypto24 on · organisation based in Malaysia

palmgold-mgmt.com

Disclosed
Aug 18, 2025
Leak-site listing date
Threat group
Crypto24
47 victims listed
Country
Malaysia
#25 most targeted
Sector
Hospitality and Tourism

ThreatAI analysis

Compiled from this incident record and the threat intelligence profile for Crypto24. Figures and technique mappings are quoted from the source data, not inferred.

About the Crypto24 group

Crypto24 is a double-extortion ransomware-as-a-service group that surfaced on the RAMP forum in mid-2024, targeting large organizations in financial services, healthcare, manufacturing, and technology across Asia, Europe, and North America, with notable victims including CMC Group, Vietnam's second-largest ICT conglomerate. Crypto24 has listed 47 victims since December 2023.

Incident analysis

Palmgold Management Sdn Bhd was listed by Crypto24 ransomware, a group with 47 victims recorded in this database. The listing appeared on the group's leak site on August 18, 2025.

Palmgold Management Sdn Bhd is based in Malaysia and operates in the Hospitality and Tourism sector. Malaysia ranks #25 worldwide for ransomware disclosures, with 143 victims in this database.

Sector context. Organisations in this sector hold valuable data and operational systems that ransomware groups seek to exploit for financial gain through encryption and data exfiltration.

Crypto24 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files are encrypted, so the victim faces two demands at once — pay to restore access, and pay to keep stolen data unpublished.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.

Source. Public leak-site disclosures aggregated via the ransomware.live API. The disclosure date is when the listing was published, which can differ from the date of compromise. This site does not publish or link to stolen data. Last updated .

Frequently asked questions

Was Palmgold Management Sdn Bhd attacked by ransomware?

Yes. Palmgold Management Sdn Bhd was listed as a victim of the Crypto24 ransomware group on August 18, 2025. The organisation is based in Malaysia and operates in the Hospitality and Tourism sector. The disclosure appeared on the group's dark web leak site.

Which ransomware group attacked Palmgold Management Sdn Bhd?

Palmgold Management Sdn Bhd was attacked by Crypto24 ransomware. Crypto24 is one of the most active ransomware groups, having claimed 47 victims globally. The group typically employs a double-extortion model: encrypting the victim's files and threatening to publish stolen data.

When did the Palmgold Management Sdn Bhd ransomware attack occur?

The ransomware attack on Palmgold Management Sdn Bhd was disclosed on August 18, 2025. 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 Palmgold Management Sdn Bhd ransomware attack?

The specific data stolen from Palmgold Management Sdn Bhd 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 Hospitality and Tourism organisation, Palmgold Management Sdn Bhd likely held sensitive business data, client information, and operational records.

How can organisations protect against Crypto24 attacks?

To defend against Crypto24 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.