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ARTICLE · 25 JUNE 2024

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Auctioning Off Privacy

Lewis Silkin
Lewis Silkin
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Lewis Silkin

Lewis Silkin

Joint managing partners: Jo Farmer, Richard Miskella International offices: Dublin, Hong Kong...

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A well known auction house with operating in Hong Kong was recently hit by a major cyberattack, resulting in a shutdown of its website just days before its spring auctions began. The ransomware group, RansomHub...

Hong KongPrivacy

A well known auction house with operating in Hong Kong was recently hit by a major cyberattack, resulting in a shutdown of its website just days before its spring auctions began. The ransomware group, RansomHub, claimed to be behind the cyberattack and threatened to release sensitive personal information of at least 500,000 clients worldwide unless a ransom was paid.

RansomHub wrote on the dark web that they had attempted to come to a reasonable resolution with the auction house, but the auction house ceased communication midway through. RansomHub added that it was clear "...if this information is posted they will incur heavy fines from GDPR as well as ruining their reputation with their clients ...".

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