Lionel Holdings Breach - April 29, 2022

Lionel Holdings Breach

Lionel Holdings LLC, the famous model train company, was founded in 1900 and then incorporated in 2019. Its headquarters is located in North Carolina.

What Was the Breach?

Lionel Holdings LLC recently admitted to a data breach. A cyber offensive appears to have culminated in the illegal access of the company's information, potentially putting its customers at risk. However, the sensitivity of the data in question has not been revealed.

How Did the Breach Occur?

Lionel Holdings identified the ransomware infection on April 29. The company's IT personnel observed the ransomware encrypting potentially sensitive internal files, essentially holding the data hostage unless a ransom was paid. The threat was defeated by disabling access to the internal network and restoration of encrypted information.

When Did This Breach Occur?

This breach occurred on April 29, 2022.

Who Does the Breach Impact?

The breach impacts Lionel Holdings. The ransomware attack aimed to encrypt data to prevent internal access and motivate companies like Lionel Holdings to shell out the ransom. However, Lionel Holdings responded by securing its servers, preventing illegal entry, and tapping into the expertise of a cybersecurity specialist to understand how they can prevent similar attacks in the future.

How Many Files Does the Breach Affect?

The extent of the attack was not quantified with a number. Instead, it appears as though a significant number of internal files were viewed and possibly copied. Though the data in question is now unfrozen and accessible to Lionel Holdings, there is a chance that the hackers who illegally entered the company's network might have stolen sensitive customer information and possibly even sold it for financial gain on dark web forums. Such a potential negative outcome is a testament to the need for dark web monitoring at both the business and individual levels.

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