Acer Finance Suffers Ransomware Attack by Lockbit3

Company Overview

Acer Finance, a multinational firm specializing in finance and investment management, has a significant presence in various countries, including France. The company is a key player in the finance sector, offering a wide range of services.

Attack Details

The Lockbit3 ransomware group has publicly claimed responsibility for the cyberattack against Acer Finance. Despite the announcement on their dark web leak site, complete with images of purportedly stolen data, the specifics of the ransom demand and the full scope of the data breach remain undisclosed.

Vulnerabilities and Mitigation

The precise vulnerabilities exploited in the Acer Finance attack have not been identified. Nonetheless, ransomware attacks typically leverage software flaws, inadequate password security, or phishing schemes to infiltrate systems. To counteract the threat of ransomware, organizations are advised to:

• Ensure timely updates of all software and hardware to guard against known vulnerabilities.
• Conduct regular cybersecurity awareness training for employees to help them recognize and avoid phishing attempts.
• Enforce stringent password policies and adopt multi-factor authentication.
• Maintain frequent data backups and verify the integrity of these backups to facilitate recovery in the aftermath of an attack.

Sources

• "French Firms AXA And Acer Finance Suffered Ransomware Attack" - Latest Hacking News
• "Acer reportedly targeted with $50 million ransomware attack" - ZDNet
• "Surge in Ransomware and 10 Biggest Attacks in 2021" - ISACA
• "Acer Data Breach Caused By REvil Ransomware - $50 Million Ransom" - IDStrong
• "REvil ransomware: how least privilege could have saved Acer" - WALLIX