Money Mart Faces Major Data Breach After Everest Ransomware Attack Targets Critical Company and User Data

Money Mart, a well-known financial services company with hundreds of branches across Canada and the United States, is apparently the latest target of a large ransomware campaign. The Everest ransomware group claims to have stolen a massive amount of sensitive data, including customer transaction records, credit card information, and employee personal information. The hackers listed Money Mart on their dark web leak site and even provided examples of the stolen files to back up their claims.

According to the hackers, they stole over 80,000 internal files from Money Mart's systems. They have given the corporation a deadline, stating that if Money Mart does not contact them by November 30, the full stolen data set would be made public on hacker forums and data-dump websites. The stolen records are believed to include highly sensitive information such as names, addresses, credit card numbers, account information, transaction history, driver's license numbers, employee work data, and more. Cybercriminals can readily misuse this type of personal and financial data.

Everest is known for striking huge corporations. Over the past year, the organization has targeted more than 100 companies, including large global names. They have targeted companies in industries such as finance, aviation, retail, oil, healthcare, and even government institutions. Recent victims include Under Armour, Petrobras, Collins Aerospace, and significant Middle Eastern firms. Everest is thought to be financially motivated and possibly tied to Russia's BlackByte gang.

The attack emphasizes the growing threat of ransomware gangs and the devastating impact they can have on businesses and customers. When businesses keep large amounts of transaction data, personal identities, and financial records, they become prime targets for cybercriminals seeking valuable information.

Incidents like this demonstrate why strong cybersecurity, regular system monitoring, and secure data handling are more vital than ever. With incidents of ransomware on the rise in North America and other regions, organizations must remain vigilant, tighten their security, and safeguard critical information to avoid catastrophic disruptions and long-term damage.

Information referenced in this article is from Cyber News