pThere is no evidence so far that document management systems were affected, said the firm's spokesman./p
SINGAPORE - Singapore law firm Shook Lin and Bok was hit by a ransomware attack in April, and the incident is now under investigation by local authorities.
According to a report by independent website SuspectFile, which posts primarily about ransomware incidents, the law firm allegedly paid 21.07 bitcoin to Akira ransomware group spread across three transactions. The amount was equivalent to around US$1.4 million at the time of payment. The Akira ransomware group began operating in early 2023, and typically demands ransoms between US$200,000 and US$4 million to prevent stolen data from being published online, said Mr Leonardo Hutabarat, head of solutions engineering of Asia Pacific and Japan at IT security company LogRhythm.
The platform functions as an operating system which helps organisations create virtual representations of servers, storage, networks, and other physical machines, said Mr Hutabarat. He added that Akira also likely stole corporate data before encrypting the files, which they could use as leverage in extortion attempts.
The Government “strongly discourages” victims from paying the ransom as there is no guarantee that locked data will be decrypted, or that stolen data will not be used for malicious purposes once ransom has been paid, said the spokesman. He added that threat actors may also view such organisations as soft targets who are willing to pay up, and strike again.
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