Concorr, Inc. Targeted: LockBit 3.0 Ransomware Attack
Ransomware Attack on Concorr, Inc. by LockBit 3.0
Company Profile
Concorr, Inc., based in Sterling, Virginia, operates the website concorr.com, specializing in data analysis and visualization tools focused on network data and correlation coefficients. With an estimated revenue of $1 million and a small team of approximately 3 employees, Concorr, Inc. stands out in its niche sector by providing specialized statistical methods and tools. These tools are essential for analyzing relationships between variables in networked data, utilizing advanced algorithms like the Concordance Correlation Coefficient (CCC) and the CONCOR algorithm.
Details of the Ransomware Attack
The LockBit 3.0 ransomware group, also known as LockBit Black, has targeted the commpany through a ransomware attack, encrypting critical data and demanding a ransom for its release. This attack highlights the ongoing threat posed by ransomware groups to companies of all sizes, including those in specialized sectors like software development for data analysis.
Vulnerabilities and Attack Vectors
Given the small size of the victim, it is plausible that the company may have limited resources dedicated to cybersecurity, making it an attractive target for ransomware attacks. LockBit 3.0's modus operandi includes leveraging sophisticated techniques such as lateral movement through networks and obfuscation tactics to evade detection. The group's ability to customize its ransomware to target specific organizational weaknesses could have played a role in the successful penetration of Concorr, Inc.’s defenses.
Sources
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