Luxury Brand Moncler Data Breach – Expert Comments

By   ISBuzz Team
Writer , Information Security Buzz | Jan 19, 2022 02:35 am PST

Italian luxury fashion giant Moncler confirmed that they suffered a data breach after files were stolen by the AlphV/BlackCat ransomware operation in December and published today on the dark web. The attack unfolded in the final week of 2021 when the luxury fashion brand announced an interruption in its IT services but assured that the attack would result in nothing more than a temporary outage. Ten days after that, the company released an update on the situation, reactivating its logistic systems and prioritizing e-commerce shipments that had been delayed in shipping.

Today, in a statement shared with Bleeping Computer, Moncler confirmed that some data related to its employees, former employees, suppliers, consultants, business partners, and customers was leaked today by the AlphaV (BlackCat) ransomware operation. “With regard to information linked to customers, the company informs that no data relating to credit cards or other means of payment have been exfiltrated, as the company does not store such data on its systems.” explains the statement.

Notify of
1 Expert Comment
Oldest Most Voted
Inline Feedbacks
View all comments
Trevor Morgan
Trevor Morgan , Product Manager
January 19, 2022 10:36 am

<p>The trend toward an increasing number of ransomware attacks against high-profile targets in 2022 seems to be moving in the direction that many of us suspected. With news that the Italian luxury fashion giant Moncler sustained an attack late last year resulting in stolen files hitting the dark web this week, we can see the organizational characteristics which appeal to threat actors: if your business collects lots of (sensitive) data about employees, partners, or customers, then you are sitting on a gold mine (or oil well, just choose your analogy) that they want to infiltrate. Sure, they want that sensitive information, with which they can do any number of things, but if they can also disrupt business operations with ransomware or other extortion tricks, they multiply their chances of a successful attack.</p>
<p>If your business is data-dependent, and which one isn’t in this day and age, then you need to assume that you too are a target and it’s just a matter of time before somebody internal or external gets hands on it. Squirreling sensitive data away behind protected perimeters won’t cut it anymore as a defensive measure. Only robust data-centric security, such as tokenization or format-preserving encryption applied directly to sensitive data elements, can help mitigate the situation if the wrong hands get ahold of your data. These methods obfuscate sensitive information while still preserving the original data format, which means business applications have a better chance of working with that data in a protected state. No need for de-protecting data just to work with it internally, which is a valuable best practice to uphold. While you may think it’s a luxury to invest into proactive data protection measures such as this, the alternative is the option you really can’t afford.</p>

Last edited 2 years ago by Trevor Morgan

Recent Posts

Would love your thoughts, please comment.x