Tuesday, 6 July 2021

Russian Hackers demand $70 million in Bitcoin ransom from over 200 US companies

REvil or Ransomware Evil has launched a large-scale ransomware attack, targeting hundreds of companies. REvil also known as Sodinokibi is a cybercriminal group that runs private ransomware as a service (RaaS) operation

On July 2 REvil attacked Kaseya, which is a cloud based platform and has a net worth over $2 Billion, over 40,000 organisations worldwide use Kaseya's services.

Although no company has come forward with the details on how the cyber attack has affected them, the number of attacks is expected to increase, says John Hammon, a security researcher.

REvil has asked their targets for a ransom of $70 million in Bitcoin for publicly decrypting their data within an hour, This leaves companies with one choice, to pay the ransom and wait for REvil to decrypt their data.

The Federal Bureau of Investigation (FBI) and the Cybersecurity and Infrastructure Security Agency (CISA) have been working with Kaseya and coordinating to conduct outreach to impacted victims.

I pray that that these companies find a solution and that no other companies are affected!

submitted by /u/the_damj
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source https://www.reddit.com/r/btc/comments/oebfmp/russian_hackers_demand_70_million_in_bitcoin/

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