Best Tax Filer India Hit by Lockbit3 Ransomware Attack

Best Tax Filer India, a prominent entity in the business services sector, has fallen victim to the ransomware group Lockbit3, as revealed through a leak on the group's dark web site. Despite the operational status of the company's website, http://besttaxfiler.com, there has been no official disclosure regarding the extent of the attack's impact or the countermeasures being adopted.

Company Overview

Operating within the Business Services sector, Best Tax Filer India offers tax filing services to both individuals and businesses. The lack of detailed information on the company's website about its size, revenue, or market position does not obscure its significance in the tax filing industry, a fact underscored by the attention from Lockbit3.

Vulnerabilities and Mitigation

Ransomware attacks often leverage vulnerabilities such as outdated software, unpatched systems, or weak passwords. To counteract these threats, companies are advised to focus on patch management, enforce strong password policies, and enhance cybersecurity awareness among their workforce. The establishment of a comprehensive incident response plan, coupled with regular drills, is essential in reducing the ramifications of ransomware attacks.

Previous Ransomware Attacks in India

The landscape of ransomware incidents in India has been marked by a significant uptick, with a 53% increase in 2022 over the previous year. The sectors most affected include information technology and IT-enabled services, finance, and manufacturing. Lockbit emerged as the most widespread ransomware variant, with Makop and DJVU/Stop also notable. Additionally, 2022 saw the emergence of new variants like Vice Society and BlueSky.

The ransomware attack on Best Tax Filer India underscores the imperative for companies to elevate cybersecurity on their agenda and adopt comprehensive safeguards against such threats. With ransomware attacks growing in frequency and sophistication, it is vital for organizations to remain vigilant about emerging threats and vulnerabilities, and to proactively engage in mitigation efforts.

Sources

• Lockbit3 Claims Attack on Best Tax Filer India via Dark Web Leak Site
• Polycab's IT Infrastructure Hit by Ransomware Attack
• Timeline of Cyber Incidents Involving Financial Institutions
• Infosys Unit in US Hit by Ransomware Attack
• Ransomware Incidents Up by 53% in India: CERT-In
• New Ransomware Attacks Still Keeping Indian Cyberspace at Risk: Kaspersky