MARUGO FOUNDATION CORP Suffers Ransomware Attack by Lockbit3

Company Overview

MARUGO FOUNDATION CORP is a Japanese company that has been in operation for 60 years. They have recently moved their office to a new location and have experienced a significant increase in business, as indicated by their website's "新着情報" section. The company is known for its strong foundation in the construction industry, with a focus on providing high-quality services to its clients.

Vulnerabilities and Targeting

The specific vulnerabilities that led to MARUGO FOUNDATION CORP being targeted by Lockbit3 are not mentioned in the search results. However, it is known that ransomware groups often exploit weaknesses in a company's cybersecurity defenses to gain access to their systems. In this case, Lockbit3 has claimed responsibility for the attack, suggesting that the company may have had insufficient security measures in place.

Industry Impact

The Construction sector is a significant target for ransomware attacks, as these groups often seek to disrupt operations and demand payment in exchange for restoring access to encrypted data. The impact of such attacks can be severe, leading to financial losses, reputational damage, and potential legal consequences.

Mitigation Strategies

To mitigate the risks of ransomware attacks, companies should implement robust cybersecurity measures, including regular software updates, employee training, and the use of antivirus software. Additionally, having a well-defined incident response plan can help minimize the damage caused by an attack.

Sources

• Marugo Kiso Co., Ltd.
• Ransomwatch