Emprint Suffers Ransomware Attack by Lockbit2 Group

Company Overview

Emprint, a business services company with a rich history of over 130 years, has recently fallen victim to a ransomware attack orchestrated by the Lockbit2 group. Founded by Thomas J. Moran, Emprint has evolved from a simple print shop into a sophisticated, technology-driven document and process-management company. The company's foundational principle is that its success is directly tied to the success of its customers, a belief that has steered the company towards providing relentless service and custom solutions.

Vulnerabilities and Targeting

The exact method through which Emprint was compromised by the Lockbit2 ransomware group remains unclear. However, it is well-documented that ransomware attackers frequently exploit vulnerabilities such as outdated software, unpatched systems, and weak passwords. Lockbit2, in particular, is notorious for employing tactics like phishing emails and drive-by downloads to gain unauthorized access to devices and corporate networks.

Industry Impact

The prevalence of ransomware attacks has seen a significant rise, with a 158% increase in North America and a 62% global increase since 2019. The economic repercussions of these attacks are staggering, with predictions suggesting that the global cost of ransomware damage could surpass $265 billion by 2031.

Mitigation Strategies

To counter the threat of ransomware, organizations are advised to adopt comprehensive email security protocols, ensure timely software updates, enforce the use of strong passwords, and conduct regular cybersecurity training for all employees. These measures are critical in safeguarding against the sophisticated tactics employed by ransomware groups like Lockbit2.

Sources

• Emprint: What Sets Us Apart?
• Plotlights: Ransomware Attacks: A Quick Guide for Communicators
• KonBriefing: Cyber Attacks USA 2024, 2023
• BleepingComputer: Veolia North America Confirms Ransomware Attack, Service Disruption