case study

Global Company, Ransomware Breach

Global Company, Ransomware Breach

Global Company, Ransomware Breach

Client:

Major Japanese Multinational Company

Challenge:

Ransomware attack compounded by hidden crypto mining activity, leading to a multinational investigation.

A prominent Japanese multinational corporation faced a crippling ransomware attack that encrypted essential business data, halting operations and threatening to incur significant financial losses. As the company scrambled to recover, it became clear that the ransomware was just the tip of the iceberg. Core Security was called in to conduct a thorough Digital Forensics investigation to uncover the full scope of the incident.

Solution:

Core Security’s team swiftly initiated an exhaustive forensic analysis, focusing on identifying the ransomware variant, entry points, and potential additional threats. Our investigation revealed a deeper, more insidious issue: the attackers had also installed covert crypto-mining software on the company’s servers. This software had been silently running for months, siphoning off valuable computational resources to mine cryptocurrency. The forensic analysis traced the origins of both the ransomware and the crypto-mining activities to a sophisticated cybercriminal group operating out of Eastern Europe. In collaboration with international law enforcement agencies, Core Security provided critical forensic evidence that helped authorities track the perpetrators. The investigation led to a multinational crackdown on the ransomware cybercriminal group, resulting in the apprehension of several key members responsible for the attack on our client and other companies.

Outcome:

Core Security’s detailed forensic report provided irrefutable evidence of the breach, which was instrumental in the company's swift legal action. The case was escalated to the courts for corporate espionage and data theft.


In parallel, Core Security provided security recommendations to the client for improving access controls, enforcing multi-factor authentication, and enhancing internal monitoring systems to prevent future breaches. The company initiated a comprehensive security awareness training program to ensure employees are vigilant against potential insider threats. These efforts safeguarded the company’s data and restored investor and client confidence in its security posture.

Confidentiality Clause:

In accordance with our Operational Confidentiality (OPCON) procedure, we maintain strict confidentiality regarding our clients' identities and associated company information. For further inquiries or to request a reference, please contact us directly. We will liaise with the respective client to obtain the necessary permissions and provide validated information to fulfill your request.

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CORE draws on decades of industry expertise in Information Security, Cybersecurity, and Risk Management, honed in multinational corporations and auditing, to safeguard your business's critical systems and networks effectively.

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