Ransomware Attack on Sánchez-Betances, Sifre & Muñoz-Noya, LLC by Akira Group

Company Profile and Industry sStandout

Sánchez-Betances, Sifre & Muñoz-Noya, LLC, also known as SBSM LAW, is a boutique, multiservice law firm renowned for its litigation skills, vigorous representation, and expertise in labor law. The firm operates in the legal advisory sector, offering services in real estate, administrative permits, appeals practice, complex litigation, construction, health, insurance, labor, and employment law. They have a team size ranging from 20 to 49 employees.It has been recognized for its comprehensive legal services and their reputation for vigorous representation and expertise in labor law sets them apart in the industry.

Vulnerabilities

Being a law firm dealing with sensitive legal matters, Sánchez-Betances, Sifre & Muñoz-Noya, LLC may have been targeted by threat actors due to the valuable and confidential information they possess. The Akira ransomware group, known for targeting small to medium-sized businesses, may have seen the law firm as a lucrative target for potential financial gain through ransom payments or data theft. Whatever the case may be, the subject at hand is that the ransomware group has announced to have stolen the following: personal information about employees, details about the firm’s partners, business-related information, etc.

All in all, the firm's operations in various legal areas make them susceptible to these cyber attacks, as threat actors could exploit vulnerabilities in their systems related to the services offered by the company.

Sources:

LinkedIn - Sánchez-Betances, Sifre & Muñoz-Noya, LLC

Trend Micro - Ransomware Spotlight: Akira

Bloomberg - Sánchez-Betances, Sifre & Muñoz-Noya, LLC Company Profile