Ransom! Standard Capital Securities (Pvt) Backoffice – Pakistan Stock Market Data Vault

Victim: Standard Capital Securities (Pvt) Backoffice – Pakistan Stock Market Data Vault
Country : PK
Actor: babuk2
Source: http:/bxwu33iefqfc3rxigynn3ghvq4gdw3gxgxna5m4aa3o4vscdeeqhiqad.onion/blog/de0dc89e0f4664f6d02caa2089bc6175035d4fac821ea4afaf133681c2fc9ef9/
Discovered: 2025-03-21 01:22:50.633507
Published: 2025-03-21 01:21:43.515200
Description :
Standard Capital Securities (Pvt) Backoffice, a participant in the Pakistan Stock Market Data Vault, recently fell victim to a ransomware attack orchestrated by the Babuk2 threat actor group. This incident underscores the growing cybersecurity challenges faced by financial institutions in Pakistan, highlighting the critical importance of robust security measures to protect sensitive market data and client information from malicious actors. The breach raises concerns about potential data theft, operational disruptions, and the broader implications for trust within the financial sector.