DisclosureLens
GLOBALMalwareFinancial ServicesFinanceRansomwareLosttrustRansom DemandedActor NamedMedium

Ferguson Wellman

bd_80e7f32fec50666a · schema v1 · pii pii-v1

Severity

Medium

Discovered

Filed

Sep 26, 2023

To disclose

Affected

Not disclosed

Confidence

50%
Full breach record for Ferguson Wellman

Threat-actor claim — not a regulatory filing

This row is a claim by the ransomware group Losttrust on its public extortion blog. It has not been validated by the victim or any regulator. Treat attribution and counts as the threat actor's assertion until a regulatory filing or victim disclosure corroborates them.

Group activity: Financial ServicesDiscovered: 2023-09-26

Source: Ransomware.live

Post text · scraped from the leak site

WE ARE A PRIVATELY OWNED, INVESTMENT ADVISORY FIRM serving individuals, families and institutions. For more than 40 years, we have designed and managed customized investment portfolios for clients’ IRAs, trusts, foundations, endowments, corporate retirement and pension plans. Ferguson Wellman and its division, West Bearing Investments, manage $8.2 billion for 913 clients. (updated annually, as of January 1, 2022) We have created two entry points to the same investment strategies that have been created by our own team of analysts. Our minimum for Ferguson Wellman client portfolios is $4 million and $1 million for West Bearing clients. With areas of expertise in investments, wealth management, institutional services and financial planning, we work together as a team to serve all client needs. Our private family office, Octavia Group, provides a suite of services that bring order and clarity to clients’ entire financial well-being. It is designed exclusively for our clients who have a minimum of $10 million managed by our firm.

Incident timeline — mostly unverified

? — ?

Breach window unknown

Sep 26, 2023

Claim posted

No filing yet · watching

Compliance clocks stay unassessable until a regulatory filing lands. Dashed segments fill in automatically when corroboration arrives.

Claim → filing

Compliance clock

Not assessable

Tracked as a single-filing incident — the only disclosure on record for this event so far.Unverified claimView incident

Evidence ladder

Leak-site claimThis record

Attacker assertion only. Establishes: claim date, group, alleged victim.

Press / market report

Unlocks: incident narrative, operational impact. Still no compliance clock.

State AG / regulator filing

Unlocks: discovery date, data types, affected count, compliance clock.

SEC 8-K / victim statement

Unlocks: materiality, stated response, full audit trail. Ceiling removed.

No regulatory filing corroborates this yet — it is the attacker's own assertion. Watch this entity to be notified the moment a filing corroborates or contradicts it.

Source ceiling

  • actor name
  • victim claim
  • ransom/leak status
  • discovery date
  • materiality
  • notification
  • affected count
  • confirmed data types
  • compliance clock

The ✕ fields stay blank until a regulatory filing or victim disclosure lands.

About this groupFirst seen 2023-09-26

losttrust

According to ransomware.live, LostTrust is a double-extortion ransomware operation that emerged in March 2023 and publicized over 50 victims within days of launching its leak site in September 2023, believed to be a rebrand of the MetaEncryptor gang, primarily targeting manufacturing, professional services, construction, and education sectors with 71% of known victims in the US.

53 victims claimed globally53 tracked hereFull profile →