Indian insurance company Lets Secure suffers ransomware attack

pLets Secure Insurance Brokers Pvt Ltd a prominent Indian insurance brokerage firm has reportedly fallen victim to ransomware The perpetrators identified as the Kill Security alias KillSec group claim to have gained unauthorised access to the companys data sparking concerns over potential data breachesppIndia has increasingly become a focal point for cyberattacks with industries ranging from finance to healthcare targeted by sophisticated hacking groups Lets Secure Insurance Brokers Pvt Ltd is the latest highprofile name to join the growing list of Indian organisations compromised by ransomware gangsppLets Secure was established in 2020 in Pune Maharashtra and sells a wide range of products for Indian users The firm partnered with several highprofile companies including Digit Edelweiss HDFC Ergo Shriram General Insurance Oriental Insurance Tata AIG Insurance SBI General Insurance and Bajaj Allianz among othersppCybersecurity researchers report that KillSec primarily targets India with its attacks mostly directed at the country The group also focuses on the United States and Bangladesh The group is believed to originate from the Eastern EuropeRussia region and operates various servicesppKill Security Ransomware Alert Lets Secure Insurance Brokers Pvt Ltd Lets Secure Insurance Brokers Pvt Ltd a leading insurance brokerage firm based in India has fallen victim to Kill Security ransomware The group claims to have access to the organizations data pictwittercomolZGlApGOyppThe group appeared in October 2023 and openly invited individuals with specific skills via their Telegram channel In June 2024 KillSec presented its new RansomwareasaService RaaS offering ppCybercriminals activity targeting India continues to escalate In 2024 alone the nation experienced 369 million cyberattacks averaging a starggering 702 incidents every minute Such alarming statistics show that the countrys organisations are still not well prepared to counter increasingly sophisticated threatsppRecent incidents highlight the scale and severity of the problem In August 2024 CEdge Technologies Ltd a key service provider for cooperative and small banks fell victim to a ransomware attack ppIn January 2025 the State Child Protection Society SCPS in Madhya Pradesh faced a ransomware attack by the FunkSec group which reportedly extracted over 2 GB of confidential data from its systems Additionally the FunkSec group recently targeted Wissenhive an Indian edtech platform compromising over 32000 records from 2021 and 2022 These records included sensitive details such as administrator credentials hashed passwords and personal identifiersppThe telecommunications sector has not been spared Last week the Medusa ransomware group targeted Indus Towers a major player in the Indian telecom industry The attackers reportedly demanded a ransom of 500000 to restore access to encrypted company datappIn the News GitHub flaws allow attackers to leak user credentialsppDeputy Editor at CandidTechnology Hemant writes at the intersection of tech and culture and has a keen interest in science social issues and international relations

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