ransomhouse attacks Severn Glocon Group

Incident Date: Oct 12, 2022

Attack Overview
VICTIM
Severn Glocon Group
INDUSTRY
Manufacturing
LOCATION
United Kingdom
ATTACKER
Ransomhouse
FIRST REPORTED
October 12, 2022

Ransomware Attack on Severn Glocon Group

Company Overview

Severn Glocon Group is a global leader in the manufacturing of high-quality valves for the energy industries. Their control, choke, and small bore subsea valves are renowned for their reliability and high performance, underpinning the critical infrastructure of their clients. The company's commitment to reducing its environmental impact and contributing to sustainability is reflected in its ESG strategy.

Company Size and Vulnerabilities

The company has a reported revenue of $297 million and employs approximately 900 people. The attack on Severn Glocon Group highlights the vulnerability of manufacturing companies to ransomware attacks, which can disrupt operations and cause significant financial damage.

Ransomware Group

RansomHouse is a notorious ransomware group known for its attacks on various organizations worldwide, often resulting in personal data breaches. The group has claimed responsibility for numerous attacks, including those on Change Healthcare, a subsidiary of UnitedHealth Group, and Las Vegas casinos.

Mitigation Strategies

While the specifics of the attack on Severn Glocon Group are not detailed in the available information, it is crucial for companies to implement robust cybersecurity measures to protect against ransomware attacks. This includes regular software updates, employee training, and the use of reliable backup systems to minimize the impact of an attack.

The ransomware attack on Severn Glocon Group serves as a reminder of the ongoing threat posed by cybercriminals to businesses across industries. Companies must remain vigilant and invest in robust cybersecurity measures to protect against such attacks.

Sources

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