DragonForce Ransomware Attack Compromises Igloo Cellulose Data and Operations
DragonForce Ransomware Attack on Igloo Cellulose
Overview of Igloo Cellulose
Igloo Cellulose Inc., founded in 1978 by Russell Fiset, specializes in producing cellulose insulation, a sustainable building material made primarily from recycled paper. The company is part of the Iso Green Group and operates multiple manufacturing facilities across Canada, the United States, France, and Spain. Igloo Cellulose processes over 150 tons of industrial paper waste daily, converting it into eco-friendly insulation products. Their insulation is known for its thermal and acoustic properties, fire resistance, and significant energy savings.
Details of the Ransomware Attack
Igloo Cellulose has recently fallen victim to a ransomware attack orchestrated by the cybercriminal group DragonForce. The attackers have compromised 13.17 GB of data, including sensitive information about the company's technology for cellulose application in various construction elements such as walls, attics, floors, ceilings, and other enclosed spaces. This breach poses a significant threat to Igloo Cellulose's operational integrity and intellectual property, potentially impacting their market position and customer trust.
About DragonForce Ransomware Group
DragonForce is a relatively new ransomware group that emerged in late 2023. They are known for using a double extortion tactic, encrypting victims' data and exfiltrating sensitive data, which they threaten to release publicly if the ransom is not paid. DragonForce has claimed attacks against various industries across the US, UK, Australia, Singapore, and other countries. Their ransomware code is based on a leaked builder from the infamous LockBit ransomware group, suggesting they leveraged this code to quickly develop and deploy their own ransomware.
Potential Vulnerabilities
Igloo Cellulose's extensive use of technology for processing and applying cellulose insulation makes them a prime target for ransomware attacks. The company's reliance on digital systems for managing their operations and intellectual property could have provided entry points for the attackers. The breach highlights the importance of effective cybersecurity measures to protect sensitive data and maintain operational integrity.
Sources
See Halcyon in action
Interested in getting a demo?
Fill out the form to meet with a Halcyon Anti-Ransomware Expert!