BlackCat Ransomware Group is the one behind Moncler data breach

Moncler, a Italian luxury fashion giant has suffered a data breach by AlphV/Blackcat ransomware group. The attack happened last year on December 2021 and the stolen data has been published on the dark web today.

The Alpv/Blackcat had compromised Moncler network on the last week of 2021. Initially it looked like just a technical set back, however, after some investigation it was found that their logistics and shipping also took a hit due to the incident.

Moncler data breach and the ransom demand

As per Bleeping Computer’s conversation with Moncler, its seems now the incident looks more than just a technical glitch, as data related to employees, suppliers, customers, business partners, and stakeholders was leaked by the BlackCat ransomware group.

Just like any other ransomware attack, a ransom was demanded by the BlackCat ransomware group, however Moncler said it won’t encourage ransom demands as its against the fundamental principles.

Moncler says it rejected the prospect of paying a ransom demand of $3 million because it goes against its founding principles, leading to the publication of the stolen data. On the other hand, Moncler said there isn’t any breaches on the credit card data as those data aren’t stored on its systems.

Moncler made a warning to those operators for stealing their data stating its a criminal offense, and notified about the data breach to stakeholders and the Italian Data Protection Authority.

“MONCLER RECALLS THAT ALL INFORMATION IN THE POSSESSION OF CYBERCRIMINALS IS THE RESULT OF ILLEGAL ACTIVITIES AND THEREFORE THE ACQUISITION, USE AND DISSEMINATION THEREOF CONSTITUTE A CRIMINAL OFFENSE.” – MONCLER.

BlackCat – the most sophisticated ransomware

BlackCat ransomware strain was identified in December 2021 and the first official victim is Moncler. This ransomware was categorized as the most sophisticated ransomware of 2021, as it comes with triple extortion attack.

The strain was first identified by MalwareHunterTeam, claiming that there are already many victims for BlackCat and the malware UI looks like they are from 80s. The ransom demands of BlackCat ransomware usually ranges between $400,000 to $3 million payable via Bitcoin or Monero. So it is important for enterprises and business to keep their security up and active to avoid BlackCat into their network.

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