Foremost Asset Management Falls Victim to Qilin Ransomware

🏢 About Foremost Asset Management

Foremost Asset Management Co., Ltd, founded in 2021 and headquartered in Seoul, South Korea, positioned itself as a financial services provider managing investment products including private equity funds, hedge funds, real estate, and venture capital.

Despite its ambitions, the company struggled to gain traction, with limited deals and visibility in the market. Its early operations included seminars for developers, but a lack of attention to cybersecurity and overconfidence left it vulnerable to attacks.

⚠ Disclaimer

This report includes actual screenshots and/or text that may include unredacted personally identifiable information (PII) obtained from publicly available sources. Information is provided solely for cybersecurity awareness and threat intelligence purposes.

📌 Overview

On September 30, 2025, the Qilin ransomware group listed Foremost Asset Management on its leak site.
The group claims to have stolen 234 GB of sensitive corporate data, including financial records, investor details, and internal company documents.

📊 Key Details