Ransomware Attack Hits Insurance Information Bureau of India

The Insurance Information Bureau of India (IIB) has suffered a ransomware attack, telling Cyberabad police that Russia-linked hackers are demanding $250,000 in Bitcoin to decrypt their systems. The independent insurance information repository staff first noticed the attack on April 4th when they struggled to log into their office network. While the organization did not publicly disclose the attack, an internal investigation revealed that the attack compromised nearly 30 data servers, encrypting all the data contained in them.

While the extent of the attack is still unclear, it's likely that cybercriminals stole confidential information. “As per the report, the encryption process was initiated by the threat actor on March 31 using an executable file - Project1.exe and the intrusion was noted through FortiGate firewall between March 30 and April 1. We found exfiltration of 16GB of data from firewall logs. Data staging or exfiltration indicators noted the attack was from a Russian IP address. The threat actor had left a ransomware note giving the contact details,” IBB reported to police officials.