Valencia Ransomware crew explodes on the scene, claims California city, fashion giant, more as victims

Valencia Ransomware crew explodes on the scene, claims California city, fashion giant, more as victims

September 19, 2024 at 07:31PM

A new ransomware gang, Valencia Ransomware, emerged, claiming to have stolen data from several major organizations. They include the city of Pleasanton, Globe Pharmaceuticals Limited, Satia Industries, Duopharma Biotech Berhad, and Tendam. The gang has started leaking sensitive information on the dark web, potentially exposing personal, financial, and company data. This highlights the growing trend of financially motivated cybercrimes.

From the meeting notes, it is evident that a new ransomware gang called Valencia Ransomware has emerged, targeting several organizations such as a California city, a Spanish fashion retailer, an Indian paper manufacturer, and two pharmaceutical companies. The gang has claimed to have stolen significant amounts of data from each of these entities. The stolen data includes sensitive information such as personally identifiable information, credit card numbers, financial data, and other confidential documents.

Technisanct founder and CEO Nandakishore Harikumar has verified the data samples and stated that the claims about the victims appear to be credible. Additionally, there is a suspected link between Valencia and a criminal known as LoadingQ, suggesting potential association or alias.

The notes also highlight the prevalence of ransomware attacks in the current cybercrime landscape, with several high-profile ransom payments made by companies to prevent stolen data from being made public.

Overall, the meeting notes provide crucial insights into the emergence of Valencia Ransomware and its targeted attacks, as well as the broader issue of ransomware in the cybercrime economy.

Full Article