Vinati Organics Hit by Major Ransomware Attack from RansomHub
RansomHub Targets Vinati Organics in Major Ransomware Attack
Vinati Organics Limited, a leading player in the specialty chemicals sector, has fallen victim to a ransomware attack orchestrated by the notorious RansomHub group. The attack, which has compromised 233 GB of sensitive data, marks the second time the company has been targeted by ransomware in 2024.
About Vinati Organics
Established in 1989 and headquartered in Mumbai, India, Vinati Organics is renowned for its innovative production of organic intermediates and monomers. The company operates two state-of-the-art manufacturing facilities in Mahad and Lote, Maharashtra, and exports its products to over 35 countries. Key products like 2-Acrylamido-2-methylpropane sulfonic acid (ATBS) and Isobutyl Benzene (IBB) contribute significantly to its revenue. With a workforce of approximately 1,279 employees, Vinati Organics has shown strong financial performance, reporting revenues of around ₹19 billion for the fiscal year ending March 2024.
Attack Overview
RansomHub claims to have breached Vinati Organics' systems, exfiltrating 233 GB of data, including personally identifiable information (PII) and financial documents. The ransom deadline is set for 27th September 2024. This incident follows a previous attack on 9th May 2024, when LockBit claimed to have stolen 63 GB of data from the company.
About RansomHub
RansomHub, a Ransomware-as-a-Service (RaaS) group, emerged in February 2024. Known for its aggressive affiliate model and double extortion tactics, the group has quickly become a formidable player in the ransomware landscape. RansomHub's ransomware is optimized for speed and efficiency, targeting a wide range of systems, including Windows, Linux, and ESXi. The group leverages phishing campaigns, vulnerability exploitation, and password spraying to gain initial access.
Penetration and Impact
RansomHub's affiliates likely exploited unpatched vulnerabilities or used phishing campaigns to infiltrate Vinati Organics' systems. The group's advanced data exfiltration techniques and fast encryption processes make it a significant threat. The attack has not only compromised sensitive data but also poses a substantial risk to the company's operations and reputation.
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