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Turning the Tables: Ransomware Actor Files Complaint With the SEC Against Victim for Failing to Timely Disclose Cyberattack
Ransomware operation AlphV/BlackCat has filed a U.S. Securities and Exchange (SEC) complaint against one of its alleged victims, MeridianLink, for allegedly failing to comply with the four-day rule to disclose a cyberattack.
AlphV/BlackCat listed the software company on its data leak with a threat that it would leak allegedly stolen data unless a ransom is paid within 24 hours. MeridianLink provides digital solutions for financial organizations such as banks, credit unions and mortgage lenders.
According to DataBreaches.net, the attack occurred Nov. 7, and no security updates were made afterward. Although someone from MeridianLink was in contact with AlphV, that person did not properly and timely disclose the "significant breach."
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