LockBit, a notorious ransomware gang, has declared its involvement in a cyberattack against Motilal Oswal, a prominent brokerage firm in India. The revelation came as LockBit updated its dark web leak site to include the Indian giant among its victims, claiming access to confidential company data. Motilal Oswal, serving millions of clients across India with assets under advice of approximately $53 billion, is now under scrutiny as authorities, including India’s Computer Emergency Response Team (CERT-In), are actively investigating the breach.
While the impact on Motilal Oswal’s operations remains uncertain, the incident raises concerns about potential data exposure and the security of sensitive financial information. Motilal Oswal has not officially commented on the situation, leaving the extent of the breach and any operational disruptions unclear. LockBit, known for its global cyberattacks, has been active since 2022, targeting various industries, including tech companies and pharmaceutical firms. The incident highlights the persistent threat posed by ransomware groups and the need for heightened cybersecurity measures across sectors.
