Attack Overview
VICTIM
BEXIMCO
INDUSTRY
Holding Companies & Conglomerates
LOCATION
Bangladesh
ATTACKER
Kelvinsecurity
FIRST REPORTED
April 1, 2022

Beximco Group Suffers Ransomware Attack

Company Overview

Beximco Group is a holding company and conglomerate that operates in various sectors, including textiles, pharmaceuticals, and telecommunications. The company is known for its significant contributions to the Bangladeshi economy and has a strong presence in the country's business landscape.

Attack Details

The ransomware attack on Beximco Group resulted in the leak of sensitive information, including hundreds of gigabytes of files, databases, and payment records. The attackers gained access to the company's telecom subsidies and 34 websites, including its telecom subsidy, BOL-online.com.

Vulnerabilities

The attack on Beximco Group highlights the need for improved cybersecurity measures in the country. Bangladesh has been identified as one of the most targeted countries for ransomware attacks in the Asia Pacific region, with a significant number of incidents reported in 2021. The report 'Ransomware Landscape Bangladesh 2022' published by BGD e-Gov CIRT, the government's cyber security agency, revealed that several top corporations, telcos, and internet service providers in Bangladesh were targeted by ransomware, leading to the leak of citizens' data.

The ransomware attack on Beximco Group underscores the importance of robust cybersecurity measures for businesses, particularly in sectors that handle sensitive information. The incident serves as a reminder for organizations to prioritize cybersecurity and implement best practices to protect against such threats.

Sources

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