blackbasta attacks Love, Barnes & McKew Insurance Adjusters

Incident Date: Aug 06, 2022

Attack Overview
VICTIM
Love, Barnes & McKew Insurance Adjusters
INDUSTRY
Insurance
LOCATION
USA
ATTACKER
Blackbasta
FIRST REPORTED
August 6, 2022

Love, Barnes & McKew Insurance Adjusters: A Target for BlackBasta Ransomware

Company Overview

Love, Barnes & McKew Insurance Adjusters, Inc. offers a comprehensive suite of services, including property, commercial, homeowners, casualty, errors & omissions, workers' compensation, automobile appraisals, heavy equipment appraisals, truck liability, products liability, cargo, mediation/pre-trial hearings, and background research. The company is committed to providing 24-hour service, seven days a week, with on-call adjusters ready for after-hours assignments.

Service Area and Organizations

The company's service area spans Maryland, Washington, DC, Northern Virginia, Delaware, and Southern Pennsylvania, generally covering a 50-mile radius from Columbia, MD, or Burke, VA. Love, Barnes & McKew Insurance Adjusters is affiliated with several industry organizations, including the National Association of Independent Insurance Adjusters (NAIIA), National Claims Professionals (NCP), Trucking Industry Defense Association (TIDA), Loss Executives Association (LEA), and A.M.BEST.

Vulnerabilities and Impact

The ransomware attack on Love, Barnes & McKew Insurance Adjusters underscores the cybersecurity vulnerabilities inherent in the insurance sector. The repercussions of such incidents can be profound, encompassing data breaches, operational downtime, and potential harm to the company's reputation.

The assault by the BlackBasta ransomware group serves as a stark reminder of the persistent ransomware threat facing businesses within the insurance industry. It is imperative for companies to maintain heightened vigilance and adopt comprehensive cybersecurity defenses to mitigate the risk of similar attacks.

Sources

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