Bike Maker Shimano Hit By LockBit Attack
Attack Follows LockBit Hit on Boeing
Overt Operator
November 08, 2023
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Shimano, the world-leading bicycle part manufacturer, has fallen victim to a significant cyber attack orchestrated by LockBit, the most prolific ransomware group globally. The threat actor has claimed responsibility for the attack and has leaked sensitive data totaling approximately 4.5 terabytes, impacting both customers and employees.
The stolen data includes a wide range of confidential information, such as residential addresses, telephone numbers, bank statements, financial documents, and contracts. LockBit, known for its ransom demands, set a payment deadline of November 5th for Shimano. However, it appears that the company has refused to comply, as LockBit has published the stolen data.
The hacking group stated on its leaked site, "All available data published!" Nevertheless, the leaked information is currently not visible or accessible on the site. Shimano has yet to release an official statement regarding the breach but has acknowledged media inquiries by stating that it is an internal matter and refraining from further comments.
LockBit has gained notoriety as one of the largest ransomware groups globally, responsible for 40% of all ransomware attacks in May 2022. Recently, the group targeted Boeing, claiming to have stolen a substantial amount of data. While Boeing is still evaluating the validity of this claim, LockBit removed the company from its leak site.
The motives behind this removal remain unclear, leaving room for speculation. Negotiations between the ransomware group and Boeing may have commenced or have proven successful. Alternatively, given the sensitive and highly secure nature of the information that Boeing possesses, the threat actor may have decided to back down, understanding the potential legal consequences of releasing such data.
As Shimano grapples with the aftermath of this cyber attack, the company must prioritize its cybersecurity measures and implement robust defenses to prevent future breaches. The incident serves as a reminder to all organizations of the ever-increasing threat posed by ransomware groups and the vital importance of safeguarding sensitive data.
The consequences of cyber attacks can be devastating, not only in terms of financial losses but also reputation damage. Shimano must take immediate action to protect its customers and employees, restore trust, and reinforce its security protocols to mitigate the risk of future cyber threats.