A infamous ransomware group often known as ALPHV/BlackCat has taken extortion to a brand new degree by submitting a criticism with the U.S. Securities and Alternate Fee (SEC) towards one among their alleged victims, MeridianLink, for failing to reveal Meridianlink breach throughout the required four-day timeframe.
Sure, you heard us proper. The attackers have filed a criticism concerning the sufferer.
In response to the ALPHV/BlackCat criticism filed with the SEC, reported by DataBreaches.internet, the ransomware group efficiently carried out the MeridianLink breach, accessing their community on November 7 and exfiltrated delicate knowledge with out encrypting methods.
The attackers declare that MeridianLink did not promptly disclose the incident, violating SEC rules that mandate well timed disclosure of fabric occasions, together with cybersecurity breaches.
See the declare beneath.
The MeridianLink breach acquired reported to SEC by the attackers
Publicly traded firms are topic to SEC rules that mandate well timed disclosure of fabric occasions, together with cybersecurity breaches. These guidelines are designed to guard traders and preserve market transparency.
To substantiate their criticism, ALPHV/BlackCat printed screenshots on their leak website, demonstrating their submission to the SEC’s Suggestions, Complaints, and Referrals web page.
The group additionally offered a duplicate of the SEC’s acknowledgment of receipt, additional supporting their declare of submitting the criticism.
In response to the SEC criticism and ALPHV/BlackCat’s public disclosure, MeridianLink issued a press release acknowledging the cyberattack.
The corporate said that upon figuring out the intrusion, they instantly took steps to include the menace and engaged cybersecurity specialists to analyze the incident.
Learn additionally: Equifax knowledge breach claims are prolonged.
The results of the Meridianlink breach will not be large
MeridianLink assured its prospects that their investigation had revealed no proof of unauthorized entry to manufacturing platforms and that the incident had induced minimal enterprise interruption.
The corporate additionally indicated that they had been nonetheless figuring out the extent of knowledge publicity and would notify affected events if vital.
Whereas ransomware gangs have beforehand threatened to report breaches and knowledge theft to the SEC, this can be the primary publicly confirmed occasion of such a criticism being filed.
Featured picture credit score: MeridianLink.
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