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Ransomware victim Education

SBC Global, Bitfinex, Coinmama, and Rutgers University Part 2

Listed by Flocker on

Disclosed
May 6, 2024
Leak-site listing date
Threat group
Flocker
59 victims listed
Country
Unknown
Sector
Education

ThreatAI analysis

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

About the Flocker group

Flocker (also linked to the FSociety brand) is a ransomware-as-a-service group active since 2023–2024, targeting Windows and Linux systems via phishing, compromised RDP, and exploit kits using a double extortion model, and observed collaborating with FunkSec. Flocker has listed 59 victims since April 2024.

Incident analysis

SBC Global, Bitfinex, Coinmama, and Rutgers University Part 2 was listed by Flocker ransomware, a group with 59 victims recorded in this database. The listing appeared on the group's leak site on May 6, 2024.

Sector context. Educational institutions often have under-resourced IT security teams and hold large amounts of student and faculty personal data, making them attractive targets for ransomware groups.

Flocker 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files are encrypted, so the victim faces two demands at once — pay to restore access, and pay to keep stolen data unpublished.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 SBC Global, Bitfinex, Coinmama, and Rutgers University Part 2 attacked by ransomware?

Yes. SBC Global, Bitfinex, Coinmama, and Rutgers University Part 2 was listed as a victim of the Flocker ransomware group on May 6, 2024 and operates in the Education sector. The disclosure appeared on the group's dark web leak site.

Which ransomware group attacked SBC Global, Bitfinex, Coinmama, and Rutgers University Part 2?

SBC Global, Bitfinex, Coinmama, and Rutgers University Part 2 was attacked by Flocker ransomware. Flocker is one of the most active ransomware groups, having claimed 59 victims globally. The group typically employs a double-extortion model: encrypting the victim's files and threatening to publish stolen data.

When did the SBC Global, Bitfinex, Coinmama, and Rutgers University Part 2 ransomware attack occur?

The ransomware attack on SBC Global, Bitfinex, Coinmama, and Rutgers University Part 2 was disclosed on May 6, 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 SBC Global, Bitfinex, Coinmama, and Rutgers University Part 2 ransomware attack?

The specific data stolen from SBC Global, Bitfinex, Coinmama, and Rutgers University Part 2 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 Education organisation, SBC Global, Bitfinex, Coinmama, and Rutgers University Part 2 likely held student and faculty personal data and academic records.

How can organisations protect against Flocker attacks?

To defend against Flocker 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.