BianLian Group Targets Silverback Exploration in Ransomware Attack
Ransomware Attack on Silverback Exploration by BianLian Group
Silverback Exploration, a leading oil and gas company headquartered in San Antonio, Texas, was targeted in a ransomware attack by the notorious threat actor BianLian on November 22, 2024. The attack resulted in the compromise of sensitive data, including accounting information, personal records, payroll details, contracts, leases, and operational data. The exact size of the leak remains undisclosed, but the company's annual revenue is reported to be $74 million.
Company Profile
Silverback Exploration II LLC, established in 2017, focuses on oil and gas exploration and production, with a primary concentration in the Permian Basin, particularly within the Delaware Basin region. The company boasts nearly 200 years of combined industry experience within its leadership team, emphasizing operational efficiency and strategic growth initiatives. Silverback's strategic approach to expanding its drilling portfolio and enhancing production capabilities sets it apart in the competitive oil and gas sector.
BianLian Ransomware Group
BianLian is a prominent threat actor in the cybercrime landscape, targeting sectors such as healthcare, legal services, engineering/construction, and manufacturing. The group employs tactics like exploiting Remote Desktop Protocol (RDP) credentials, exfiltration-based extortion, sophisticated command and control methods, and persistent access techniques to infiltrate and compromise organizations.
Company Vulnerabilities
Silverback Exploration's prominence in the oil and gas industry, coupled with its valuable data assets and financial standing, likely made it an attractive target for threat actors like BianLian. The company's extensive operational footprint and financial backing from EnCap Investments could have made it a lucrative target for ransomware attacks seeking to extort funds or disrupt operations.
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