Law firm Shook Lin & Bok hit by ransomware attack

SINGAPORE: Law firm Shook Lin &amp, Bok was hit by a ransomware attack in April, it confirmed on Thursday ( May 2 ). &nbsp,

The law company claimed to have instantly called a computer security team after the incident was discovered on April 9 and that it had immediately called a team up. Its devices were operational as of 2 a.m. on April 10 according to a speech to CNA. &nbsp,

There is no information so far that the firm’s core document management systems, which contain consumer information, were affected, the statement read.

The business continues to operate as normal. Additionally, it is collaborating with experts in computer protection to minimize the negative effects of the “illegal digital intrusion” on its clients and stakeholders. &nbsp,

Shook Lin &amp, Bok paid the Akira ransomware group a payment of US$ 1.4 million in Bitcoin, according to an essay on SuspectFile, which claims to be an independent website focused on the ransom sensation. &nbsp,

The party first demanded a payment of US$ 2 million, which was negotiated down after a fortnight, the post said. &nbsp,

The Cyber Security Agency of Singapore ( CSAS ) acknowledged the incident and provided assistance to the law firm.

The government strongly advises victims of paying a ransom because there is no guarantee that stolen data will be decrypted or that stolen data wo n’t be used for shady purposes once the ransom has been paid, according to its spokesperson in a statement to CNA.

” Hazard actors may even view these organizations as” soft goals” who are willing to retaliate and strike again,” the article concludes. Payment encourages risk stars to carry on their legal deeds and target more sufferers, in addition.

Shook Lin & Bok did not respond to inquiries about whether or not they paid the compensation. CNA is aware that the business has filed a police statement.

In its assertion, it stated that “every action taken so far in answer to the improper digital intrusion and any actions that we intend to take in the future are and will be made with the best interests of our clients and stakeholders in mind.” &nbsp,