Cyber Threat Intelligence
CTI Academy Sponsor CTI Academy
PA
Ransomware Victim Hospitality and Tourism

Palmgold Management Sdn Bhd

Ransomware attack by Crypto24 · Disclosed August 18, 2025 · 🇲🇾 Malaysia

palmgold-mgmt.com

Date Disclosed
Aug 18, 2025
2025
Threat Group
Crypto24
46 total victims
Country
🇲🇾 Malaysia
Industry
Hospitality and Tourism

Incident Analysis

Palmgold Management Sdn Bhd was targeted by Crypto24 ransomware, one of the most active ransomware groups in our database with 46 confirmed victims globally. The attack was disclosed on August 18, 2025, when Palmgold Management Sdn Bhd appeared on the group's dark web leak site.

Palmgold Management Sdn Bhd is based in Malaysia , operating in the Hospitality and Tourism sector. Malaysia ranks #25 globally for ransomware attacks, with 117 victims in our 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 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 — 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 6, 2026 22:00 UTC.

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 46 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.