Andrew Davidson & Co., Inc.
frag listed this organization on its leak site on Mar 24, 2025.
- Listing date
- Mar 24, 2025
- Attack date
- Nov 14, 2024
Listing text
Financial Services Andrew Davidson & Co., Inc. is a leading provider of risk analytics and consulting to the mortgage-backed securities (MBS) and asset-backed securities (ABS) industry. Our team was successful in extracting the following documents: Contact details of customers and employees Financial statements of the company Insurance certificates
About the group
frag posted its first listing on Mar 24, 2025 and has listed 30 organizations to date.
Frag is a ransomware group that emerged in late 2024, exploiting a critical Veeam Backup & Replication vulnerability (CVE-2024-40711) to compromise targets in industrial sectors, with blockchain analysis linking it to a shared wallet cluster with the Akira group.
Learning center
What does this listing mean?
Ransomware groups move data out of the organization before encrypting systems and threaten to publish it if the ransom is not paid. This method is called double extortion.
The listing shows that the group claims to have targeted the organization. Whether the data was published is shown by the later status of the listing.
What should you do if your organization is listed on a leak site?
- Record the listing and any published sample files; do not visit the leak site from the corporate network.
- Isolate affected systems and preserve logs without deleting them.
- Determine which data left the organization; if personal data is involved, review notification obligations with your legal team.
- Make any decision about the ransom demand together with legal, management and incident response.
- Do not bring systems back online before the attacker’s entry point is closed.
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