Universal Engine Power Ltd Suffers Ransomware Attack by Lorenz Group

Company Overview

Universal Engine Power Ltd, a key player in the Manufacturing sector, specializes in supplying engines and transmissions. The company boasts a diverse product lineup from renowned manufacturers such as Briggs, Hatz, Honda, Hydro-Gear, Kawasaki, Kohler, Kubota, Lombardini, Peerless, Tuff Torq, and others. Aimed at trade and OEM customers, its website features a comprehensive parts lookup and cart system to streamline the search process.

Vulnerabilities and Impact

The ransomware attack on Universal Engine Power Ltd underscores a growing trend of cyber threats aimed at critical infrastructure sectors, including healthcare, energy, and education. The Lorenz group, responsible for this attack, has intensified its activities recently, claiming 77 entities as victims. These attacks can have devastating consequences, often involving demands for substantial ransoms and threats of public data disclosure. Notably, institutions like the British Library and King Edward VII’s Hospital have suffered from not only system encryption but also the theft of sensitive personal data.

Mitigating Future Attacks

To safeguard against future ransomware threats, organizations are advised to adopt comprehensive security strategies. These include regular backups of essential data, the implementation of multi-factor authentication, network segmentation, and conducting user-awareness programs to mitigate phishing risks.

The incident involving Universal Engine Power Ltd serves as a stark reminder of the persistent cyber threats facing various industries. In response, it is imperative for businesses to remain proactive and invest in advanced cybersecurity measures to secure their data and operational integrity.

Sources

• eSentire Confirms Rhysida Ransomware Victims. (2024, February 21). Retrieved April 10, 2024, from https://www.infosecurity-magazine.com/news/esentire-confirms-rhysida/