Case StudY
The Phantom Ledger: A Central Hong Kong Business Association Hijacked Internationally Through a Senior Executive's Inbox
Published on
20 May 2026
Last updated on
When a Business Association based in Central, Hong Kong, discovered a senior finance account was being accessed from international hubs, the risk to its reputation was immediate. Blackpanda's incident responders moved with operational force to contain the threat and verify the safety of sensitive records.
Other Case Studies
Case Studies
Attackers Encrypt 15 Million Files in Three Days at a Singapore F&B Group
The backups went with this attack too, preventing the firm from clean restoration. Blackpanda's investigation also turned up the one machine the attacker never encrypted, which provided insight into the entire attack.
Case Studies
Attacker Empties Almost 4,000 Files from Malaysian Professional Services Firm in Half an Hour
No malware, no encryption, no mailbox access. One correctly entered password was enough to strip a cloud drive bare and turn an employee's own files into a threat.
