De Penning & De Penning Hit by LockBit 3.0 Ransomware Attack
Ransomware Attack on De Penning & De Penning by LockBit 3.0
Company Profile
De Penning & De Penning is one of India's leading intellectual property law firms, established in 1856. The firm specializes in safeguarding and securing intellectual assets, offering services such as patent, trademark, design, copyright, and domain name registration. With over 165 years of service, the firm has a strong reputation for protecting clients' intellectual property rights in a competitive market. The firm's commitment to innovation and client service has led to a growing client base, including Fortune 500 companies, research institutes, universities, start-ups, and individuals.
The well-established firm with a nationwide presence in India, De Penning & De Penning, operates in the Law Firms & Legal Services sector. The company employs over 200 people, including 75 attorneys, and has an estimated revenue of $6 million.
Attack and Vulnerabilities
The firm was targeted in a cybercrime attack by LockBit 3.0 ransomware. The attackers successfully exfiltrated 310 GB of sensitive data, including accounting records, agreements, client information, and other confidential data. De Penning & De Penning's valuable intellectual assets could have made them an attractive target for threat actors seeking to exploit confidential information.
LockBit May Attacks
This ransomware attack on De Penning & De Penning is part of the May 2024 attacks by LockBit 3.0. Following the disruption of its infrastructure in February during "Operation Cronos," LockBit swiftly returned, targeting over 50 victims within hours of reactivating its platform. The group's adaptability and global reach have raised concerns about law enforcement's effectiveness in combating cybercrime. Cybersecurity experts emphasize the need for proactive measures and international collaboration to counter LockBit's resurgence and address evolving threats in the digital landscape.
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