Security News > 2021 > April > Ragnarok Ransomware Hits Boggi Milano Menswear

Luxury Italian men's clothing line Boggi Milano has confirmed what Ragnarok was already bragging about on the Dark Web: The brand was hit with a ransomware attack, according to multiple sources.

Ragnarok and Boggi Milano representatives who spoke to Bloomberg agree on the facts; the ransomware attack exfiltrated 40 gigabytes of data, including human resources files and salary information.

"Fines from data breaches with this type of data can be significant, and as an organization that operates globally, could be imposed from multiple countries whose citizens have been impacted."

The number of ransomware attacks have spiked 350 percent since 2018, according to research from PurpleSec and criminals operating these malware groups are willing to hit anyone to make a buck - hospitals, schools, vaccine manufacturers and food supplies and even local governments have all been victims of ransomware in the past year.

"Ransomware attacks are the new great digital train robbery, stealing data and crippling business through a constantly evolving attack ecosystem and malware that can evade perimeter controls," Mark Bower, a data-security expert from comforte AG said, via email.

"If data is neutralized using modern data-centric techniques that enable data use in the enterprise while protected, while restricting access to the minimum live data, attackers will get the equivalent of digital coal, not data gold, and soon move on to the next vulnerable target," he said.

News URL

https://threatpost.com/ragnarok-ransomware-boggi-milano-menswear/165161/