Security Breach – 21 Jun 2024

There was a reduction in ransomware claims in 2022. Unfortunately for businesses, that all changed in 2023.

Security Breach – 21 Jun 2024

In the ever-evolving landscape of the digital age, businesses find themselves on the front lines of a relentless battle against an insidious threat – ransomware. From crippling financial losses to irreparable damage to reputation, the perils of a successful ransomware attack are manifold. As our world becomes increasingly interconnected and reliant on technology, the danger posed by malicious actors seeking to exploit vulnerabilities for financial gain has reached unprecedented heights. Cybercriminals have become relentless in their attempts to achieve their malicious goals, and ransomware has become an effective channel. The best possible way to do that is by implementing cybersecurity solutions and improving security policies to curb the number of ransomware vectors. A good place to start is with ransomware detection.

Recent Breaches


Australia – Victoria Racing Club – Thoroughbred Racing Club

Exploit: Ransomware

Risk to Business: Moderate: The Victorian Racing Club (VRC) has confirmed being the victim of a cyberattack by the Medusa ransomware operation, which claims to have obtained over 100 gigabytes of the club’s data. The Medusa gang is demanding a ransom of $700,000 to delete the data. The leaked data includes information related to gaming machines, financial details, customer invoices, marketing details, personal information of VRC members such as names, email addresses, and mobile phone numbers. The VRC has informed the Australian Cyber Security Centre about the attack and stated that operations will continue as normal.

Vietnam – Vietnam Post – Postal Service

Exploit: Ransomware

Risk to Business: Moderate: Vietnam Post said its IT systems have been taken down by a ransomware attack. Officials say the attack happened at around 3 a.m. on June 6, directly impacting activities related to postal delivery. The Vietnam Post’s website and application were inaccessible starting Tuesday morning. Officials stressed that finance postal, public administration and good distribution services are still operating normally. The Vietnam Post said it is working with authorities and its partners to resolve the issues as soon as possible.

Talk to a TCT team member today about implementing cyber security plan for your business.

Robert Brown

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