Lexington National Insurance Targeted by Lockbit3 Ransomware Group

Lockbit3, a notorious ransomware group, has claimed responsibility for an attack on Lexington National Insurance, a nationally recognized insurance carrier specializing in Bail Bonds, Contract Surety, Commercial Surety, and CLIPs. The company operates in the Insurance sector and is known for its small, dedicated team that provides 24/7/365 service, making quick decisions, and focusing on finding solutions to clients' insurance and bonding needs.

Lexington National Insurance is a relatively small company, with no specific information available about its size. However, it is notable for its commitment to efficient and personalized service, distinguishing it from larger organizations that may be burdened by red tape, big committee meetings, and long chains of command.

The company's website provides limited information about its operations and services. It is unclear whether the ransomware attack has affected the company's website or its clients' data.

Ransomware attacks often target organizations through malicious email files or attachments or through phishing attacks. To mitigate the risks of such attacks, it is recommended to keep operating systems and software up to date with the latest upgrades and patches, ensure backups of files and data, and be aware of signs of malicious emails and phishing attempts.

The Lockbit3 ransomware group has been active in recent years, targeting various organizations across different sectors. The group typically demands payment in exchange for decrypting the encrypted data, often threatening to release the stolen data if the ransom is not paid.

This attack on Lexington National Insurance underscores the need for robust cybersecurity measures to protect against ransomware and other cyber threats. Organizations should prioritize regular security assessments, employee training, and the implementation of best practices to minimize the risk of successful attacks.

Sources

• Lexington National Insurance: Bail, Surety Bonds and CLIPs | Lexington National Insurance
• Lexington Medical Center and CalViva Health Affected by Third-Party Data Breaches
• ITS Has Been Alerted to Ransomware Attacks | UKNow - University of Kentucky https://uknow.uky.edu/
• Failed ransomware attack: Hackers stole data on 533k people from Wisconsin insurance company
• Lexington Medical Center Tackles Ransomware for Improved Cybersecurity - Varonis https://www.varonis.com/