Defense Contractor Hensoldt Confirms Lorenz Ransomware Attack

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Hensoldt, a multinational defence contractor, disclosed that Lorenz ransomware has infected part of its UK subsidiary’s systems. A spokesman for Hensholdt acknowledged the security vulnerability to BleepingComputer this week. 
Hensoldt’s Head of Public Relations, Lothar Belz, told BleepingComputer, “I can confirm that a small number of mobile devices in our UK subsidiary has been affected.” 
Belz, on the other hand, refused to provide any other specifics on the incident, adding, “for obvious reasons, we do not reveal any more facts in such cases.” 
Since April, the Lorenz ransomware group has targeted several institutions around the world, demanding hundreds of thousands of dollars in ransom. Lorenz operators, like other ransomware groups, use a double-extortion approach, acquiring data before encrypting it and threatening victims if they don’t pay the ransom. Ransom demands have been quite high, between $500.000 and $700.000.
Hensoldt AG emphasizes sensor technology for security and surveillance missions in the defence, security, and aerospace sectors. Radar, optoelectronics, and avionics are the company’s core product areas, and it is listed on the Frankfurt Stock Exchange. 
The defence multinational, which is listed on the Frankfurt Stock Exchange and with a revenue of 1.2 billion euros in 2020, offers sensor solutions for def

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