Who’s Data Got Kidnapped This Week? Fidelity’s Fumble in the Face of Ransomware Shenanigans!

In this week’s episode of ‘Who’s Data Got Kidnapped,’ Fidelity National Financial takes center stage in a ransomware attack drama. Spoiler alert: it’s not just about if you’ll get hit, but when. And when you do, remember – offering credit monitoring as a surprise gift doesn’t exactly scream ‘we’ve got this.’

Hot Take:

It seems we’ve got another episode of “Who’s Data Got Kidnapped This Week,” and this time, the victim is Fidelity National Financial. This proves once again that cybercriminals really aren’t picky with their targets. So, dear companies, it’s not about if you’re going to get hit, but when. And when you do get hit, remember to keep your clients in the loop, because nothing says “we messed up” like offering credit monitoring and identity theft services out of the blue.

Key Points:

  • Fidelity National Financial suffered a ransomware attack, and customer data was exfiltrated.
  • The company has filed a report with the SEC, detailing the attack.
  • The type of stolen data wasn’t specified, but Fidelity is now offering credit monitoring and identity theft services to affected customers.
  • The ALPHV ransomware operators, also known as BlackCat, claimed responsibility for the attack.
  • Fidelity is just one of many corporations recently hit by ransomware attacks, including LoanDepot, LoanCare, and Mr. Cooper.

Need to know more?

When Fidelity Fumbled

Fidelity National Financial, the Fortune 500 firm, first reported a cyberattack in November 2023, which forced many of its services to go offline. The company's majority-owned subsidiary, F&G Annuities & Life, however, was untouched by the incident.

The Cat's Out of the Bag

The ALPHV ransomware operators, also known as BlackCat, proudly took credit for the attack on a dark web leak site. But then the post vanished, and TechCrunch speculates this could mean Fidelity either paid the ransom or at least tried to haggle. Nothing like a little cybercrime drama to spice up your week, right?

It's Not Just Fidelity

Fidelity is not alone in the cybercrime hot seat, other big names like LoanDepot, LoanCare, and Mr. Cooper also got a taste of ransomware attacks recently. It seems cybercriminals have a real appetite for large corporations, proving once again that no one is immune to these digital shenanigans.
Tags: ALPHV/BlackCat, customer data theft, Cyberattack Negotiations, data breach, Fidelity National Financial, Financial Services Cybersecurity, ransomware attack