Allen & Overy (A&O) has found itself in the crosshairs of the notorious hacking group LockBit. The timing of this ransomware attack could not be more ill-timed for A&O: the firm’s merger with Shearman & Sterling has already been given two thumbs up by both sets of partners and is slated to commence in the coming year.
At this point, it’s unclear what data LockBit has managed to glean from A&O’s servers. However, the formidable group has warned that it intends to reveal the information it has acquired on the often-feared dark web, come November 28. The firm insists that the cyber attack affected “a small number of storage servers” only.
A cyber security tycoon has chimed in on the issue, stating the merger of the two high-profile firms could have been the neon sign that attracted LockBit’s attention, thus leading to the attack. Given the scale and reputations of these firms, the potential fall-out of this incident cannot be understated, particularly if sensitive and confidential data gets leaked onto the unregulated corners of the internet.
For more comprehensive insight into this event, please visit the original article on law.com.