Ring home security shuts down allegations of a ransomware attack

The home security product developer, Ring, denied the accusations that it became a subject of a ransomware attack recently. According to the company, there has been no indication that its system has fallen victim to such an attack after a cybercriminal group threatened to publish alleged stolen data.

The home security company responded to the attackers’ claim by stating that their investigation found no traces of breach and zero data loss in their systems.

Ring home security emerged in 2013, and Amazon bought the company five years later. This firm started as an intelligent doorbell producer and later grew its products by adding an alarm system and other innovative home security tools.

 

The ALPHV ransomware group claims they possess troves of data from Ring home security.

 

According to investigations, the notorious ALPHV ransomware group added the Ring data to their leak sites and threatened to release the alleged information. However, the newly added data did not provide details on the amount or type of information that hackers might have stolen.

The threat actors provoked the company by stating on their site that they controlled the data and were ready to expose it.

On the other hand, Ring home security stood its ground by revealing that they have not suffered any ransomware event.

The ALPHV ransomware family (BlackCat) started in November two years ago. Many researchers believe that the group’s members are former members of the Blackmatter ransomware gang.

Moreover, this group operates as a ransomware-as-a-service business model and commonly harvests and exfiltrates data from compromised systems. Like other ransomware groups, ALPHV operators also use the stolen data to extort victims.

In July last year, the ALPHV ransomware group developed an exclusive leak site where victims could search specific databases containing stolen materials. This strategy from the group has put more pressure on all its victims as they could verify the legitimacy of the attackers’ claims.

The group could also launch distributed denial-of-service attacks against its victims. Currently, the ALPHV ransomware operation has breached more than 100 organisations globally.