Carnbrea Suffers Ransomware Attack by Lockbit3 Group

Company Overview

Carnbrea, a Melbourne-based company with a significant presence in the finance sector, is located at Level 16, 379 Collins St, Melbourne VIC 3000. For inquiries, they can be contacted at +61 3 9111 0888 or via email at info@carnbrea.com.au.

Industry and Vulnerabilities

The finance sector, where Carnbrea operates, is notably susceptible to ransomware attacks. In 2022, an overwhelming 90% of financial institutions reported experiencing such cyber incidents. This sector's vulnerability is primarily due to the critical and sensitive nature of the data it processes, which, if compromised, could lead to severe cases of identity theft and financial fraud.

Ransomware Group

Lockbit3, the ransomware group responsible for the attack on Carnbrea, stands out as one of the most prolific entities in the cybercrime arena of 2023. With 1009 reported incidents, Lockbit3's activities account for nearly a quarter of all ransomware attacks this year, predominantly targeting sectors such as construction, manufacturing/industrial, and retail.

Impact and Response

The attack has notably disrupted certain operations within Carnbrea, including functionalities of its website, thereby affecting its clientele and suppliers, especially those in North America. As of now, Carnbrea has not issued an official statement regarding the attack or outlined its response strategy.

Mitigation Strategies

To counter the threat of ransomware, it is imperative for companies to adopt comprehensive cybersecurity practices. These include conducting regular software updates, providing employee training on cyber threats, and ensuring data is backed up consistently. Furthermore, investing in advanced threat detection and response systems is crucial for the timely identification and mitigation of cyber attacks.

Sources

• Ransomware Tracker 2024: Recent Ransomware Attacks - Spin.AI
• ScanSource Ransomware Attack: 5 Big Things To Know - CRN
• Ransomware attacks break records in 2023: the number of victims rose by 128.17% compared to the previous year (2022), with 1837 additional incidents - SecurityAffairs
• Ransomware Attack List and Alerts - Cloudian