Berkeley Research Group suffers cyber attack, sources say | Insurance Business Canada

Berkeley Research Group was hit by a cyber attack last week while banks were working on a debt sale for its acquisition by TowerBrook Capital Partners, according to Bloomberg. The firm spotted the breach on March 2 and received ransomware notices from a hacker claiming to have accessed and encrypted data from BRG’s systems. The company has brought in cyber experts from Octillo Law and Booz Allen Hamilton to tackle the issue and confirmed it has comprehensive cyber insurance, though details about the attack’s scope weren’t shared. The incident coincided with a $700 million leveraged loan sale, causing some investors to worry about potential disruptions to BRG’s operations, eh.​​​​​​​​​​​​​​​​