The prolific ransomware gang LockBit has claimed duty for hacking one in all India’s high brokerage corporations, Motilal Oswal. Indian authorities say they’re conscious and investigating the incident.
On Tuesday, LockBit added the Indian brokerage large Motilal Oswal to its darkish internet leak web site, in keeping with the itemizing seen by TechCrunch. Cybercriminal teams usually use their leak websites to extort ransom funds from their victims, and threaten to publish the sufferer’s stolen information in the event that they fail to pay.
LockBit claims to have accessed “confidential firm information.”
Motilal Oswal serves round six million purchasers throughout lots of of cities in India and holds property below recommendation of about $53 billion.
It’s unclear if the brokerage agency is experiencing any operational disruption. Spokespeople for Motilal Oswal didn’t reply to a number of emails requesting remark, however didn’t dispute an incident.
India’s Laptop Emergency Response Group, or CERT-In, advised TechCrunch in an e mail on Thursday that it was conscious of the matter and was “already in technique of taking acceptable motion.”
Based in 1987, Motilal Oswal operates an inventory of monetary companies, together with asset and wealth administration, fairness and commodity buying and selling, funding banking, institutional broking and mutual fund distribution. The monetary large additionally owns a personal fairness subsidiary referred to as Motilal Oswal Alternate options, which has backed a variety of firms, together with digital producers Dixon and VVDN Applied sciences, in addition to startups together with KreditBee.
Since 2022, LockBit has emerged as some of the deployed ransomware variants worldwide. The Russia-linked ransomware gang claimed assaults on tech firms together with Taiwanese chipmaker TSMC, IT companies agency Accenture and producer Foxconn. Final 12 months, the LockBit group additionally attacked Indian pharmaceutical firm Granules India and India’s state-owned Nationwide Aerospace Laboratories.
