Secure Energy Solutions Hit by LockBit 3.0 Cyberattack
Secure Energy Solutions Targeted by LockBit 3.0 Ransomware Attack
Overview of the Attack
The ransomware group LockBit 3.0 has recently claimed responsibility for an attack on Secure Energy Solutions, LLC, a prominent energy management services provider. The cyberattack involved the exfiltration of approximately 12 GB of sensitive data, including administrative documents and financial records. The data was subsequently published on the dark web, marking a significant breach of security for the company.
Company Profile
Secure Energy Solutions, LLC is based in East Longmeadow, Massachusetts, with an additional office in Montville, New Jersey. The company specializes in energy management services for commercial, industrial, and municipal clients. With over 50 employees, Secure Energy Solutions offers a range of services including electricity and natural gas procurement, energy audits, and demand response solutions. The company has been a significant player in the deregulated energy market in New England since its inception.
Financial Impact and Growth
The company has shown remarkable growth over recent years, with reported revenues increasing from $2.97 billion in 2021 to $6.08 billion in the following year. The company's revenue for the trailing twelve months (TTM) stands at $6.85 billion, highlighting its substantial market presence and financial growth.
Vulnerabilities and Target Profile
The significant data management requirements and the extensive client base of Secure Energy Solutions make it a prime target for cybercriminals. The company's reliance on digital platforms for managing large volumes of sensitive data, including financial and personal information of clients, increases its vulnerability to sophisticated ransomware attacks like those conducted by LockBit 3.0.
Sources
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