Delaware Company Formation Suffers Ransomware Attack by Lockbit2

Company Overview

Delaware Company Formation, a Newark, Delaware-based business services company, is recognized for its expertise in facilitating international expansion, new company formation abroad, and providing tax advice. Located at 112 Capitol Trail, Suite A, Newark Delaware 19711, the company can be contacted via email at info@delawareagency.com or by phone at 302-310 2176.

Industry Standout

The company distinguishes itself within the business services sector through its comprehensive offerings designed to assist businesses in navigating the complexities of international expansion and tax obligations. This specialization positions Delaware Company Formation as a key resource for businesses aiming for global growth.

Vulnerabilities

While the specific vulnerabilities exploited in the ransomware attack on Delaware Company Formation remain undisclosed, it is widely acknowledged that ransomware groups like Lockbit2 typically target software weaknesses, outdated systems, or human errors, such as those stemming from phishing emails.

Previous Cybersecurity Incidents

In a related context, Delaware Life Insurance Company, also based in Delaware, fell victim to a ransomware attack in February 2023. This incident led to the exposure of confidential consumer information, thereby spotlighting the heightened vulnerability of the insurance sector to cyber threats and underscoring the imperative for stringent cybersecurity defenses.

The ransomware attack on Delaware Company Formation by Lockbit2 highlights the critical need for cybersecurity vigilance within the business services sector. It serves as a stark reminder for companies to fortify their defenses against cyber threats to safeguard their sensitive data and operational integrity.

Sources

• Data Breach Investigation: Delaware Life Insurance Company
• Form 10-K for Unisys Corp filed 02/26/2024 - https://www.sec.gov/Archives/edgar/data/746838/000119312524045763/d835180d10k.htm