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Assessing F Society's Latest Ransomware Targets: Are They at Risk?

Explore the recent targets of the F Society ransomware group, including Bitfinex, Coinmoma, Rutgers University, and SBC Global Net.

 

In recent developments, the F Society ransomware group has once again made headlines by listing four additional victims on its leak site. The alleged targets include Bitfinex, Coinmoma, Rutgers University, and SBC Global Net. Bitfinex, a renowned cryptocurrency exchange platform, and Coinmoma, offering cryptocurrency-related data, are among the victims. 

Rutgers University, one of the oldest universities in the US, and SBC Global Net, an email service once provided by SBC Communications, are also allegedly affected. While the attacks are yet to be officially confirmed, the ransomware group has provided unique descriptions for each victim, along with links to sample data obtained from the attacks. 

Bitfinex was reportedly targeted with the theft of 2.5 TB of information and personal details of 400K users. Rutgers University faced an alleged theft of 1 TB of data, with the specific type of information not disclosed. Coinmoma was claimed to have sensitive data, including user information and transaction histories, compromised, with a file size of 2TB and 210k user records. 

Similarly, SBC Global Net was stated to have unauthorized access, leading to the theft of personal user details, with a file size of 1 TB. Despite these claims, no ransom amount has been publicly mentioned, and the victims are given seven days to comply with the demands, failing which the obtained data will be leaked. 

As of now, there have been no official responses from the victims, and the claims remain unverified. While the authenticity of F Society's claims is uncertain, Bitfinex had previously experienced a significant hacking incident in 2016. During this incident, approximately 119,754 bitcoins were stolen from the platform due to a breach, leading to unauthorized transactions. The stolen bitcoins were later recovered by law enforcement after a thorough investigation, marking one of the largest recoveries in the history of the US Department of Justice. 

However, the perpetrator behind the hack remains unidentified, although it is known that they attempted to cover their tracks using a data destruction tool. The previous security lapse experienced by Bitfinex highlights the importance of robust cybersecurity measures, especially in the realm of cryptocurrency exchanges. As cyber threats continue to evolve, organizations must prioritize the implementation of stringent security protocols to safeguard sensitive data and mitigate the risk of ransomware attacks.
 
Additionally, prompt response and collaboration with law enforcement agencies are essential in investigating such incidents and holding perpetrators accountable for their actions. The recent targeting of prominent entities by the F Society ransomware group underscores the persistent threat posed by cybercriminals. As organizations strive to fortify their defenses against such attacks, proactive measures and swift action are imperative to protect valuable assets and maintain trust among stakeholders in an increasingly digital landscape.
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