Fandeli Suffers Ransomware Attack by Lorenz Group

Fandeli, a company operating in the Manufacturing sector, has been targeted by the ransomware group Lorenz. The attack was announced on the group's dark web leak site, and the victim's website is Fandeli. With over 50 years of experience, Fandeli serves more than 100 countries and offers a wide range of abrasive products.

While the exact size of Fandeli is not detailed, their significant presence in the Manufacturing sector and international reach imply a substantial operation. The company's website lacks specific details about their operations or the products they offer, yet their strong market presence is evident.

The vulnerability of Fandeli to ransomware attacks may stem from the increasing frequency of such incidents in the industry. In 2022, 71% of organizations worldwide reported experiencing at least one ransomware attack, with the average total cost of an attack reaching $4.3 million. The attack on Fandeli exemplifies the broader trend of ransomware attacks on businesses, which have escalated in both frequency and cost.

The Lorenz ransomware group, known for its attacks on various organizations worldwide, has caused personal data breaches in many instances. Their targeting of Fandeli underscores the ongoing threat of ransomware to enterprises globally, particularly within the Manufacturing sector.

Fandeli's experience with the Lorenz group's ransomware attack underscores the escalating threat of ransomware to businesses in the Manufacturing sector. The company's substantial size and international footprint render it an attractive target for cybercriminals, marking the incident as part of a wider trend of ransomware attacks on businesses worldwide.

Sources

• ESPN: Cyberattack breaches DraftKings, FanDuel users
• Spin.AI: Ransomware Tracker 2024: Recent Ransomware Attacks
• Cloudian: Ransomware Attack List and Alerts
• Bitdefender: FanDuel customer names and email addresses stolen in the aftermath of MailChimp's data breach
• Ransomware Posts - GitHub Pages