LockBit 3.0 Targets Nine Dragons Paper in Ransomware Attack

Attack overview

The LockBit 3.0 ransomware group, known for its disruptive cyber attacks, has recently claimed responsibility for an attack on Nine Dragons Paper, a prominent player in the paper manufacturing industry. The attack was announced on LockBit 3.0's dark web leak site, indicating a serious security breach at Nine Dragons Paper.

Company Profile

Nine Dragons Paper is a well-established company in the United States, specializing in a variety of paper products including printing, packaging, and office supplies. With over 20 years in the industry, the company has carved out a niche by offering high-quality, diverse paper types such as recycled, coated, and uncoated paper, alongside custom printing services.

Despite its small business stature, Nine Dragons Paper has a significant impact in the paper product market, focusing on sustainability and customer-centric services. Their website features a user-friendly interface, providing insights through a dedicated blog and customer testimonials.

Vulnerabilities and Targeting

The choice of Nine Dragons Paper as a target by LockBit 3.0 could be attributed to several factors. As a small yet influential company, it may not have the same cybersecurity measures that larger corporations might possess, making it a more accessible target for ransomware attacks. The industry's reliance on digital systems for inventory and customer management also makes it vulnerable to disruptions caused by data encryption, a typical modus operandi of ransomware attacks.

Sources

• NDPaper.com
• VMware Security Blog: LockBit 3.0, also known as LockBit Black
• SentinelOne: LockBit 3.0 - LockBit Black
• Trend Micro Research: LockBit Ransomware Group Augments Its Latest Variant - LockBit 3.0
• Times of India: Chinese lender ICBC pays ransom for US unit cyberattack; What's LockBit 3.0 and why it's dangerous
• Wazuh Blog: Detecting LockBit 3.0 Ransomware with Wazuh