The RansomHouse cybercrime group has claimed a successful ransomware attack on Fulgar, a major Italian textile supplier for global brands like H&M and Adidas. The company confirmed an attack on Nov 3rd, shutting down its IT systems. RansomHouse is now threatening to leak stolen confidential data.
Business Impact
This is a critical supply chain attack. The breach at Fulgar not only halts its own operations but also threatens to disrupt the production and supply chains of major global fashion brands that rely on its specialized materials.
Why It Happened
Ransomware groups are increasingly targeting critical “choke points” in supply chains. By hitting a key supplier, they inflict maximum financial pressure and create urgency, as the primary target (Fulgar) is also being pressured by its massive clients (H&M, Adidas) to resolve the issue.
Recommended Executive Action
Review your organization’s critical supplier list. Conduct a risk assessment to understand the impact of your top suppliers going offline. Ensure your supply chain contracts include cybersecurity diligence requirements and incident notification clauses.
Hashtags: #Ransomware #SupplyChainSecurity #RansomHouse #CyberAttack #Manufacturing #InfoSec #CyberRisk