Prime Group US Faces Qilin Ransomware Data Breach
Prime Group US Targeted by Qilin Ransomware Attack
Prime Group US, a prominent real estate development and investment firm based in Hollywood, Florida, has become the latest victim of a ransomware attack orchestrated by the notorious Qilin group. The attack, which occurred on November 21, 2024, resulted in the exfiltration of 500GB of sensitive data, placing the company in a precarious position as it faces the threat of data exposure if it fails to engage with the attackers within 48 hours.
Company Profile and Industry Standing
Prime Group US is a multifaceted real estate company known for its innovative approach to urban development. The firm operates across various sectors, including commercial, residential, mixed-use, hospitality, and food and beverage outlets. Founded by Fred Abbo in 1987, the company has built a reputation for creating environments that enhance urban living and cater to diverse lifestyles. Prime Group US distinguishes itself through a vertically integrated model that combines multiple real estate disciplines under one umbrella, allowing for strategic project management and resource sharing.
Qilin Ransomware Group
Emerging in July 2022, Qilin has quickly established itself as a formidable player in the ransomware landscape. The group is known for its use of advanced encryption algorithms and cross-platform adaptability, targeting Windows, Linux, and VMware ESXi environments. Qilin's ability to customize attacks for specific targets, coupled with its sophisticated obfuscation techniques, makes it a significant threat to large enterprises. The attack on Prime Group US underscores the group's ongoing campaign against high-profile targets across various sectors, leveraging its RaaS model to expand its reach and impact.
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