The LockBit ransomware gang recently claimed responsibility for the cyberattack on London Remedy, a Canadian pharmacy chain, threatening to publish stolen files online after failed negotiations. London Remedy, with over 9,000 employees operating in multiple provinces, had to temporarily shut down its retail stores in Western Canada due to the April cyberattack. However, investigations have revealed no evidence of customer or employee data being compromised.
Despite reopening its stores, London Remedy’s website remains offline, displaying an error message. The LockBit ransomware group has now added London Remedy to its list of victims on their extortion portal, alleging the theft of files from the company’s systems. While they have not provided proof of the stolen data, they claim negotiations for a $25 million ransom have failed.
London Remedy has decided not to pay the ransom but is preparing for potential leaks of corporate data on the Dark Web. They have notified current employees and offered complimentary credit monitoring and identity theft protection services as a precaution. The extent of the breach and the impact on employee data are still being investigated.
LockBit ransomware, previously known as ABCD, rebranded in 2019 and has since targeted numerous high-profile organizations globally, extorting millions of dollars through cyberattacks. Despite a recent takedown of their infrastructure, LockBit remains active and continues to target victims worldwide. Law enforcement agencies have identified key individuals within the group and are offering rewards for information leading to their arrest.
The rise and fall of LockBit highlight the ongoing threat posed by ransomware attacks to businesses and organizations. With the potential for significant financial losses and data breaches, cybersecurity measures are essential to protect against such threats in today’s digital landscape. Stay informed and vigilant to safeguard your organization against cyber threats.
