JVCKenwood

JVCKenwood, a Japanese electronics multinational with nearly 17,000 employees and $2.5 billion in sales (2021), fell victim to a Conti ransomware attack. The Conti gang claims to have exfiltrated 1.7 TB of data and is demanding a $7 million ransom. The attack aligns with a broader surge in Conti ransomware incidents, with over 400 cases reported globally, including high-profile targets like GSS and Vera Wang. The breach poses severe risks to JVCKenwood’s operations, intellectual property, and financial stability, given the scale of data theft. Conti’s tactics typically involve double extortion encrypting systems while threatening to leak stolen data if ransom demands are unmet. The incident underscores the growing threat of ransomware against large enterprises, with potential cascading effects on supply chains, customer trust, and regulatory compliance. CISA has issued advisories highlighting Conti’s sophistication, including lateral movement within networks and persistence mechanisms to evade detection.

Source: https://www.acronis.com/en/tru/posts/jvckenwood-and-sandhills-global-hit-with-conti-ransomware/

TPRM report: https://www.rankiteo.com/company/jvckenwood

"id": "jvc1062110090925",
"linkid": "jvckenwood",
"type": "Ransomware",
"date": "6/2021",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'industry': 'electronics',
                        'location': 'Japan',
                        'name': 'JVCKenwood',
                        'size': '~17,000 employees',
                        'type': 'multinational corporation'},
                       {'industry': 'information processing',
                        'location': 'Nebraska, USA',
                        'name': 'Sandhills Global',
                        'type': 'private company'}],
 'data_breach': {'data_exfiltration': '1.7 TB (JVCKenwood)'},
 'description': 'Japanese electronics multinational JVCKenwood and '
                'Nebraska-based information processing company Sandhills '
                'Global have both fallen victim to Conti ransomware. The Conti '
                'gang claims to have stolen 1.7 TB of data from JVCKenwood and '
                'demanded a $7 million ransom. Conti ransomware attacks are '
                'surging globally, with over 400 incidents reported, prompting '
                'a CISA advisory.',
 'impact': {'brand_reputation_impact': 'High (global advisory by CISA, '
                                       'high-profile targets)',
            'data_compromised': '1.7 TB (JVCKenwood)'},
 'initial_access_broker': {'high_value_targets': ['JVCKenwood',
                                                  'Sandhills Global',
                                                  'GSS',
                                                  'Vera Wang']},
 'motivation': ['financial gain', 'data theft'],
 'ransomware': {'data_exfiltration': '1.7 TB (JVCKenwood)',
                'ransom_demanded': '$7 million (JVCKenwood)',
                'ransomware_strain': 'Conti'},
 'recommendations': ['Deploy advanced heuristic-based cybersecurity solutions '
                     '(e.g., Acronis Cyber Protect) to detect and block '
                     'ransomware attacks preemptively.',
                     'Monitor CISA advisories and implement recommended '
                     'mitigations for Conti ransomware.',
                     'Enhance data backup and recovery strategies to minimize '
                     'downtime and data loss.'],
 'references': [{'source': 'Acronis Cyber Protect (advertisement/statement)'},
                {'source': 'CISA Advisory on Conti Ransomware'}],
 'regulatory_compliance': {'regulatory_notifications': 'CISA advisory issued '
                                                       '(400+ Conti '
                                                       'incidents)'},
 'threat_actor': 'Conti ransomware gang',
 'title': 'Conti Ransomware Attacks on JVCKenwood and Sandhills Global',
 'type': ['ransomware', 'data breach']}