The prolific ransomware gang LockBit has claimed accountability for hacking certainly one of India’s prime brokerage companies, 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 information.killnetswitch. Cybercriminal teams typically 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 tons of of cities in India and holds property underneath 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 Pc Emergency Response Crew, or CERT-In, advised information.killnetswitch in an electronic mail on Thursday that it was conscious of the matter and was “already in means of taking applicable motion.”
Based in 1987, Motilal Oswal operates a listing 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 non-public fairness subsidiary referred to as Motilal Oswal Options, which has backed a spread of firms, together with digital producers Dixon and VVDN Applied sciences, in addition to startups together with KreditBee.
Since 2022, LockBit has emerged as one of the crucial 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.
