LockBit Leaked 4.5 TB Data of Shimano Industry

Shimano Industries, a prominent Japanese multinational manufacturing company specializing in cycling components, fishing tackle, and rowing equipment, fell victim to the world’s largest ransomware group, LockBit. The group stole 4.5 terabytes of sensitive company data. 

The company had previously been involved in the production of golf supplies until 2005 and snowboarding gear until 2008. Situated in Sakai, Osaka Prefecture, the corporation operates with 32 consolidated and 11 unconsolidated subsidiaries. Its primary manufacturing facilities are strategically located in Kunshan (China), as well as in Malaysia and Singapore. 

According to Flashpoint, a company specializing in cyber-crime protection, it labels LockBit as the ‘most active’ ransomware group globally. Flashpoint attributes 27.93 percent of all documented ransomware attacks to this particular group. 

As reported by Cycling News, LockBit is a cybercrime group that uses malicious software to break into companies’ sensitive data. Once they have the information, they demand money from the targeted companies, threatening to make the compromised data public if payment is not made. 

The announcement asserts that the group has infiltrated exceptionally sensitiv

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