Tosoh Europe B.V. Targeted by Lorenz Ransomware Group

Tosoh Europe B.V., a subsidiary of the Tosoh Group, has recently fallen victim to a ransomware attack orchestrated by the Lorenz ransomware group. This incident was confirmed through information leaked on the group's dark web site, indicating a breach in the company's cybersecurity defenses.

Company Overview

Tosoh Europe B.V. plays a crucial role in the manufacturing industry, specializing in the distribution of chemicals and specialty products across Europe, the Middle East, and Africa. The company's official website offers insights into their product lineup and services, alongside contact information for their Amsterdam-based office.

Vulnerabilities and Threats

The Lorenz ransomware group, notorious for its double-extortion tactics, compromises systems by stealing data prior to encrypting it, thereby exerting additional pressure on the victims to comply with ransom demands. Active since February 2021, Lorenz has predominantly targeted small to medium-sized businesses (SMBs) within the United States, though incidents have been reported in China and Mexico as well.

This attack on Tosoh Europe B.V. serves as a stark reminder of the critical need for stringent cybersecurity measures within the manufacturing sector. Companies like Tosoh are increasingly at risk, given their dependence on digital infrastructure and the substantial financial repercussions of potential breaches.

Mitigation Strategies

To counteract the threat of ransomware, organizations are advised to adopt a comprehensive security strategy. This includes ensuring timely software updates, conducting regular employee awareness training, and deploying sophisticated security technologies. Furthermore, maintaining up-to-date backups of essential data and establishing a clear incident response protocol are pivotal in mitigating the impact of ransomware incidents.

The breach of Tosoh Europe B.V.'s digital defenses by the Lorenz ransomware group accentuates the imperative for the manufacturing industry to bolster cybersecurity practices. Vigilance and the implementation of effective security measures are paramount in safeguarding against the evolving landscape of ransomware threats.

Sources

• Tosoh Europe B.V. (n.d.). Home. Retrieved April 10, 2024, from www.tosoheurope.com
• RansomLook (n.d.). lorenz details. Retrieved April 10, 2024, from https://www.ransomlook.io/group/lorenz
• Cybereason (n.d.). Cybereason vs. Black Basta Ransomware. Retrieved April 10, 2024, from https://www.cybereason.com/blog/research/cybereason-vs.-lorenz-ransomware
• Jason Collins (n.d.). Lorenz Ransomware Group's Shocking Misstep: Leaking Two ... Europe. Retrieved April 10, 2024, from https://www.linkedin.com/pulse/lorenz-ransomware-groups-shocking-misstep-leaking-two-jason-collins
• Arctic Wolf Labs (n.d.). Lorenz Ransomware Group Cracks MiVoice And Calls Back For Free. Retrieved April 10, 2024, from https://arcticwolf.com/resources/blog/lorenz-ransomware-chiseling-in/
• CyberTalk.org (n.d.). Lorenz Ransomware, a new double extortion strategy. Retrieved April 10, 2024, from https://www.cybertalk.org/the-worst-outcomes-lorenz-ransomware-a-new-double-extortion-strategy/