Indian enterprise Mangala Group faced threats from LockBit

The LockBit ransomware gang threatened another Indian company with a data leak, as seen from a post on their site last March 27. The company in question was Mangala Group, one of India’s leading enterprises with seafood businesses.

According to our iZOOlogic researchers, LockBit has given the company until March 28 before leaking the alleged stolen data to the public. Mangala Group, who has not released any comment about LockBit ransomware’s cyberattack claims, could have failed or refused to communicate with the threat group that led to the leak of the alleged stolen data.

 

Mangala Group is only one of the many Indian companies targeted by LockBit in a series of cyberattacks.

 

Recently, the LockBit ransomware group has been on a rampage, striking enterprises and organisations in India with cyberattacks. This observation is based on the frequency of data leaks claimed by the group as posted on their leak site, with several Indian companies constantly getting data leak threats from the ransomware gang.

Last March 28, LockBit also claimed to have leaked the data of an Indian security firm, Securens, followed by two Indian companies, Precision Group and DEMECH. All these companies have had their stolen data leaked by the ransomware group for failing to pay the ransom demands, although none of them has given a public statement that confirms LockBit’s cyberattack claims.

In a separate study, LockBit’s attacks mostly involve exploiting a weakness in a company’s network, granting them initial access. This infiltration is usually achieved through social engineering tactics, such as phishing or fraud.

Our security experts in iZOOlogic strongly advise companies to proactively enhance their cybersecurity measures, as threat groups like LockBit would likely remain active in launching cyberattacks.

Implementing strong passwords, enabling multi-factor authentication, reassessing user account permissions, augmenting security procedures, keeping a system-wide backup, and employing robust cybersecurity solutions are recommended.