GAC Egypt

GAC Egypt, a key logistics and supply chain provider in Egypt, fell victim to a LockBit 3.0 ransomware attack, a Russian-affiliated cybercriminal group known for double extortion encrypting systems and threatening to leak stolen data unless ransoms are paid. The attack targeted the logistics sector, where disruptions can cascade across global trade, causing delays in shipments, financial losses, and operational paralysis. Given LockBit’s modus operandi, the incident likely involved data exfiltration alongside system encryption, amplifying pressure on GAC Egypt to comply with ransom demands. The breach not only risks exposing sensitive corporate and client data but also threatens the company’s reputation and financial stability. Supply chain attacks of this nature can erode trust among partners, lead to contractual penalties, and trigger regulatory scrutiny, particularly if customer or employee data was compromised. The downstream effects such as port congestion, delayed deliveries, or contractual breaches could further exacerbate the economic and operational fallout for GAC Egypt and its stakeholders.

Source: https://www.ransomware.live/map/EG

TPRM report: https://www.rankiteo.com/company/gac-egypt

"id": "gac823092125",
"linkid": "gac-egypt",
"type": "Ransomware",
"date": "6/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'industry': 'Logistics and Supply Chain',
                        'location': 'Egypt',
                        'name': 'GAC Egypt',
                        'type': 'Logistics Provider'}],
 'data_breach': {'data_encryption': True, 'data_exfiltration': True},
 'description': 'GAC Egypt, a logistics provider that facilitates trade and '
                'transportation in Egypt, became a victim of the LockBit 3.0 '
                "ransomware group. The attack underscored LockBit's ongoing "
                'focus on the logistics and supply chain sector, where any '
                'disruption can create significant downstream effects. As the '
                'group originates from Russia, its tactics often involve '
                'double extortion, threatening to leak stolen data unless '
                'ransoms are paid.',
 'impact': {'operational_impact': 'Significant downstream effects in logistics '
                                  'and supply chain'},
 'motivation': 'Financial (Double Extortion: Ransom + Data Leak Threat)',
 'ransomware': {'data_encryption': True,
                'data_exfiltration': True,
                'ransomware_strain': 'LockBit 3.0'},
 'threat_actor': 'LockBit 3.0',
 'title': 'LockBit 3.0 Ransomware Attack on GAC Egypt',
 'type': 'Ransomware Attack'}