Was Conrad Capital Management hit by ransomware?

Conrad Capital Management was listed by the Dragonforce ransomware operation (United States), and stolen data was published on the group's leak site. Darkfield tracks this disclosure with the original leak post, screenshot and group context.

Who is the Dragonforce ransomware group?

Dragonforce is a ransomware operator tracked by Darkfield. See the full operator dossier for its known victims, sectors targeted, IOCs and leak-site infrastructure.

What data was leaked in the Conrad Capital Management breach?

Dragonforce published data attributed to Conrad Capital Management. Darkfield captured the leak post and a screenshot of the listing.

Ransomware victim disclosure

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Conrad Capital Management

Claimed by Dragonforce · listed 3 months ago

Age

since listed · data leaked

Status timeline

ListedMar 18, 2026
Data leakeddate unknown

At a glance

Group: Dragonforce
Status: Data leaked
Country: United States
Sector: Financial Services
Listed on leak site: Mar 18, 2026

About the victim

AI dossier — public-source company profile

Conrad Capital Management (CCM) is an independent Registered Investment Advisor (RIA) firm founded in 1998 by Donald E. Conrad, headquartered in Hauppauge, New York. The firm provides personalized investment counseling, portfolio management, retirement planning, and alternative investment services to individual and institutional clients across the United States. CCM operates under a fiduciary duty and is registered with the SEC or state securities regulators pursuant to the Investment Advisers Act of 1940.

Industry: Registered Investment Advisory & Wealth Management
Address: 1300 Veterans Memorial HWY, Suite 230, Hauppauge, NY 11788, United States
Founded: 1998

Attack summary

Severity: critical — Conrad Capital Management is an SEC-registered investment adviser managing complex financial portfolios for individual and institutional clients. A confirmed data publication by Dragonforce almost certainly involves regulated financial PII, client account data, and investment records at scale — meeting the threshold for critical severity under financial data exfiltration criteria.

Dragonforce claims to have exfiltrated data from Conrad Capital Management and has published the data (disclosed status: data_published). The specific data categories are not enumerated in the truncated post, but the firm's profile suggests exposure of sensitive client financial and personal records.

critical

Data the group says was taken

AI dossier — extracted from the leak post

Client financial records
Investment portfolio data
Retirement planning documents
Personal identifying information of clients
Corporate correspondence
Regulatory filings (Form CRS)

What the group claims

(including customers personal information and financial data) Conrad Capital Management (CCM) is an independent Registered Investment Advisory firm that provides personalized financial advice and investment counseling to individual and institutional investors across the United States. Established in 1998 by Donald E. Conrad, the firm specializes in complex financial services, including fixed income portfolio management, alternative investments, retirement planning, and customized portfolio management strategies. CCM's fiduciary duty ensures that they prioritize the best interests of their clients, fostering deep personal relationships through ongoing interactions. With a focus on risk management, CCM is committed to helping clients achieve their financial goals as soon as possible.

The leak post

captured from the group's site

```
{"data":{"count":483,"publications":[{"uuid":"b008b8b7-0e47-416f-adcd-2313d8136de4","created_at":"2026-05-08T20:56:13.122134Z","name":"CF Evans Construction","website":"www.cfevans.com","address":"125 Regional Pkwy Ste 200, Orangeburg, South Carolina, 29118, United States","description":"A recognized leader in the multi-family housing construction industry, CF Evans Construction provides a product for developers. The company has thrived amid six decades.\nThe data of this company includes:\n    Corporate correspondence of senior executives\n    Financial documents\n    HR documents\n    Accounting documents\n    Certificates, contracts, passwords, databases, and much more.","weight":4775795351552,"is_timer_publication_stopped":false,"timer_publication":"2026-05-22T07:48:00Z","try_again":false,"tags":[],"logo_uuid":"f4e582dd-6562-4590-bac8-2b9e5c564853","is_transfering":false},{"uuid":"3827192f-9bb3-490c-9c1c-d28b382510cd","created_at":"2026-05-08T17:53:24.736605Z","name":"CMC Expertise Comptable","website":"cmcexpertise.fr","address":"32 Rue De La Clairière, Fort-de-France,","description":"CMC Expertise Comptable is a certified accounting firm located in Martinique, dedicated t…

Sources

Source

Indexed 3 months ago

This page surfaces a public ransomware disclosure indexed by Darkfield. Original posts come from the operator's own leak site; we cross-check against ransomware.live, RansomLook and RansomWatch where applicable. Share this URL freely.

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Disclosure context

About Dragonforce

Dragonforce is a relatively new ransomware group that emerged in December 2023, operating with apparent financial motivations based on their targeting patterns and victim selection. The group's origin and potential affiliations remain unclear due to limited public documentation from established threat intelligence sources, though their rapid accumulation of 439 documented victims suggests either sophisticated capabilities or possible connections to existing ransomware infrastructure. Based on their targeting patterns across diverse sectors including manufacturing, business services, technology, and construction, Dragonforce appears to employ opportunistic attack methodologies, though specific initial access vectors, encryption methods, and extortion tactics have not been publicly detailed by major security firms or law enforcement agencies. The group has demonstrated a preference for targeting organizations primarily in English-speaking countries and Western Europe, with the United States, United Kingdom, Germany, Australia, and Italy representing their most frequent victim locations, suggesting possible language capabilities or geographic operational preferences. As of current reporting, Dragonforce appears to remain active given their recent emergence and ongoing victim acquisition, though the lack of detailed public analysis from major threat intelligence organizations indicates either operational security measures that have limited researcher visibility or that the group has not yet conducted sufficiently high-profile attacks to warrant extensive public documentation by CISA, FBI, or established security research firms. The group has been linked to 596 public disclosures across our corpus. First observed on a leak site on December 13, 2023; most recent post June 12, 2026. The operation is currently active.

Timeline of this disclosure

March 18, 2026Conrad Capital Management listed by Dragonforceon the group's public leak site

Sector and geography

This disclosure adds to ransomware activity in the Financial Services sector, which has 516 disclosures indexed across all operators we track. Geographically, Conrad Capital Management is reported in United States, a country with 7,392 ransomware disclosures in our corpus.

If your organisation is affected

A listing by Dragonforce means Conrad Capital Management appeared on a ransomware extortion site and data attributed to it has been published. If this is your organisation, or a supplier you depend on, the priority is to confirm the intrusion and contain it before the window to act closes.

Engage your incident-response team and preserve forensic evidence before remediating — do not wipe affected systems first.
Force a password reset and revoke active sessions for exposed accounts; rotate any credentials, API keys or certificates that may have been in the stolen data.
Assess regulatory notification duties (GDPR, NIS2, sector regulators) — many carry a 72-hour reporting clock from awareness.
Monitor for the data appearing on Dragonforce's leak site and across paste and breach channels, and brief downstream partners who may be exposed through you.

How we know this. Darkfield monitors public ransomware leak sites continuously, archiving every new disclosure and the data later released against the victim. Each entry on this page is sourced from the operator's own publication and cross-checked against complementary OSINT feeds (RansomLook, ransomware.live, RansomWatch). We do not collect or host stolen data — only the metadata, timestamps and screenshots needed to make the public disclosure searchable and accountable. Records here are corrected when the original post is edited, retracted, or merged with another disclosure.