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ERMENEGILDO ZEGNA CONFIRMS RANSOMWARE ATTACK; INTERRUPTED SYSTEMS AND STOLEN
DATA


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The prestigious Italian fashion house Ermenegildo Zegna has confirmed that it
was the victim of a ransomware attack that severely affected its operations and
could be fixed without paying a single dollar to hackers.

The incident occurred in August 2021, although at the time the company only
mentioned one security incident without providing further details. It wasn’t
until this week that, filing a U.S. Securities and Exchange Commission (SEC)
Form 424B3, Ermenegildo Zegna described the incident as a ransomware attack that
affected most of his systems, prompting the leaking of some internal documents.



This was already a known fact, since the RansomExx ransomware group claimed
responsibility for the attack just days after the incident, publishing on
hacking forums data obtained from the company’s systems. In its report, the
company assures that at no time was it shown any intention to cooperate with the
attackers: “We refused to participate in discussions related to the payment of
the ransom, so the responsible parties published certain accounting materials
extracted from our systems.” Zegna ensures that the information exposed does not
pose a risk to its customers, employees and operations.



After the attack, Zegna began restoring its IT systems from backups, trying to
rescue multiple servers, third-party cloud providers, and all sorts of software
implementations without negotiating with hackers. In addition, the company
ensures that periodic security assessments were implemented, which has
significantly decreased its exposure to the most common cyberattack variants.

Thousands of companies have chosen to pay hackers after a ransomware attack in
order to get back up and running as quickly as possible. Law enforcement
agencies and security firms around the world recommend against doing so, as this
only contributes to funding other attacks and there is no guarantee that hackers
will keep their end of the bargain.

Faced with this, hacking groups began to use the tactic of double extortion,
which consists of extracting information before encrypting the affected systems,
threatening victims with leaking this data in hacking forums in case they refuse
to pay the ransom.

To learn more about information security risks, malware variants,
vulnerabilities and information technologies, feel free to access the
International Institute of Cyber Security (IICS) websites.

Atul Narula

He is a cyber security and malware researcher. He studied Computer Science and
started working as a cyber security analyst in 2006. He is actively working as
an cyber security investigator. He also worked for different security companies.
His everyday job includes researching about new cyber security incidents. Also
he has deep level of knowledge in enterprise security implementation.


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2022-04-13
On: April 13, 2022
In: Cyber Security
Tagged: Cyberattack, cybercrime, cybersecurity, Ermenegildo Zegna, Hacking,
incidents, Information Security, malware, RansomExx ransomware, ransomware,
Securities and Exchange Commission (SEC), security flaws



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