hiveleak attacks Hyundai Samho Heavy Industries Co.,Ltd. (South Korea)

Incident Date: Feb 25, 2022

Attack Overview
VICTIM
Hyundai Samho Heavy Industries Co.,Ltd. (South Korea)
INDUSTRY
Manufacturing
LOCATION
South Korea
ATTACKER
Hiveleak
FIRST REPORTED
February 25, 2022

Hyundai Samho Heavy Industries Co., Ltd. Suffers Ransomware Attack

Company Overview

Hyundai Samho Heavy Industries Co., Ltd. is a leading company in the shipbuilding industry, focusing on CCUS, WTE, and energy transition technologies. They are recognized for their environmental and decarbonization efforts, as well as their commitment to social value and sustainable practices.

Company Size and Vulnerabilities

The specific vulnerabilities that led to the ransomware attack on Hyundai Samho Heavy Industries Co., Ltd. are not detailed. Nonetheless, the manufacturing sector, in which the company operates, is frequently targeted by ransomware attacks due to the potential for significant operational and supply chain disruptions.

Industry Standout

Hyundai Samho Heavy Industries Co., Ltd. distinguishes itself in the shipbuilding industry through its commitment to environmental and decarbonization efforts. This focus is increasingly important as the sector and the world at large move towards cleaner energy sources.

Mitigation Efforts

The company has implemented various measures to mitigate cybersecurity threats, including backup and recovery strategies, cybersecurity awareness training, and an annual company-wide cyber preparedness drill. Despite these efforts, the rapidly evolving nature of cybersecurity threats means that the effectiveness of these measures cannot be guaranteed.

The ransomware attack on Hyundai Samho Heavy Industries Co., Ltd. underscores the persistent threat of cyberattacks in the manufacturing sector, particularly within the shipbuilding industry. Despite the company's proactive efforts to mitigate these threats, the dynamic landscape of cybersecurity risks presents ongoing challenges.

Sources

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