Ransomware Hits Sandray Precision Grinding by 3AM Group
Ransomware Attack on Sandray Precision Grinding Inc by 3AM Group
Sandray Precision Grinding Inc, a prominent player in the precision grinding industry, has recently been targeted by the 3AM ransomware group. This attack has brought significant disruption to the company's operations, highlighting vulnerabilities that can be exploited by sophisticated cybercriminals.
Company Profile and Industry Standing
Located in Rockford, Illinois, Sandray Precision Grinding Inc has been a cornerstone in the grinding industry since 1961. The company operates a 34,000-square-foot facility equipped with advanced grinding machinery, including double disc grinders and vertical and horizontal grinders. Sandray is renowned for its ability to handle both large industrial components and small precision parts, serving industries such as machinery manufacturing and aerospace. With a small team of dedicated professionals, Sandray emphasizes quality, holding an ISO 9001:2015 certification that underscores its commitment to high standards.
Details of the Ransomware Attack
The 3AM ransomware group infiltrated Sandray's systems, encrypting critical data and demanding a ransom for its release. This attack has not only disrupted Sandray's operations but also poses potential financial and reputational damage. The attack underscores the vulnerabilities faced by small to medium-sized enterprises, particularly those with limited cybersecurity resources.
3AM Ransomware Group Profile
3AM is a relatively new ransomware strain, known for its sophisticated methods and connections to other cybercriminal organizations. Written in Rust, the ransomware is efficient and challenging to reverse-engineer. It encrypts files, appending the extension `.threeamtime`, and issues a ransom note threatening the sale of stolen data on the dark web. 3AM often serves as a fallback option when other ransomware deployments, such as LockBit, fail. This adaptability makes it a formidable threat in the cybersecurity landscape.
Potential Vulnerabilities and Attack Penetration
Sandray's small size and specialized focus may have contributed to its vulnerability, as smaller companies often lack comprehensive cybersecurity infrastructure. The 3AM group likely exploited these weaknesses, possibly gaining initial access through phishing or exploiting unpatched software vulnerabilities. The attack highlights the need for even small companies to prioritize cybersecurity measures to protect against increasingly sophisticated threats.
Sources
See Halcyon in action
Interested in getting a demo?
Fill out the form to meet with a Halcyon Anti-Ransomware Expert!