PAN AMERICAN ENERGY S.L. SUCURSAL ARGENTINA Targeted by Hiveleak Ransomware Group

PAN AMERICAN ENERGY S.L. SUCURSAL ARGENTINA, a leading energy company in Argentina and the region, has been targeted by the ransomware group Hiveleak. The attack was announced on the group's dark web leak site, and the victim's website is https://www.pan-energy.com/. The company operates in the Energy, Utilities & Waste sector and has been identified as a high-value target for ransomware operators due to the higher-value data assets involved.

Company Overview

PAN AMERICAN ENERGY S.L. SUCURSAL ARGENTINA is a global energy company with a strong presence in Argentina and the region. The company's website provides information on their operations, research and development, and various initiatives in the energy sector.

Vulnerabilities and Threats

Ransomware attacks against the energy sector have been on the rise, with nuclear facilities and oil & gas companies being major targets. Factors that make energy firms more vulnerable to ransomware attacks include complexities in converging IT and operational third-party risks, and historic geopolitical fragmentation. The company's website does not provide detailed information about their size or specific vulnerabilities that led to the attack.

Industry Trends and Concerns

The energy sector has been a significant target for ransomware attacks, with the number of known attacks increasing by 47% between 2020 and 2022. Ransomware operators target energy firms, reasoning that they can command more lucrative ransom payments due to the higher-value data assets involved. The attacks have implications for geopolitical relations, capital markets, public safety, and national security.

Mitigation Strategies

While the article does not provide specific mitigation strategies for PAN AMERICAN ENERGY S.L. SUCURSAL ARGENTINA, it is essential for energy companies to implement robust cybersecurity measures to protect against ransomware attacks. This includes regular updates and patches, employee training, and incident response plans.

Sources

• PAN AMERICAN ENERGY S.L. SUCURSAL ARGENTINA website: https://www.pan-energy.com/
• Resecurity: Ransomware Attacks against the Energy Sector on the rise - Nuclear and Oil & Gas are Major Targets in 2024: https://www.resecurity.com/blog/article/ransomware-attacks-against-the-energy-sector-on-the-rise-nuclear-and-oil-gas-are-major-targets-2024
• SecurityWeek: Disruptions at Pan-American Life Likely Caused by Ransomware: https://www.securityweek.com/disruptions-pan-american-life-likely-caused-ransomware
• Spin.AI: Ransomware Tracker 2024: https://spin.ai/resources/ransomware-tracker/
• BlackFog: What we know about the MOVEit exploit and ransomware attacks: https://www.blackfog.com/what-we-know-about-the-moveit-exploit/
• Reuters: U.S. Energy Dept gets two ransom notices as MOVEit hack: https://www.reuters.com/technology/us-energy-dept-got-two-ransom-requests-cl0p-data-breach-2023-06-16/