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Hackers Demand $70m After Kaseya Ransomware Attack

Hackers Demand $70m After Kaseya Ransomware Attack
Jul 6, 2021 · 4m 55s

Hackers are demanding $70 million in bitcoin in exchange for data stolen during a gargantuan attack on a US IT company that has shuttered hundreds of Swedish supermarkets. Researchers believe...

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Hackers are demanding $70 million in bitcoin in exchange for data stolen during a gargantuan attack on a US IT company that has shuttered hundreds of Swedish supermarkets.
Researchers believe more than 1,000 companies could have been affected by the attack on Miami-based firm Kaseya, which provides IT services to some 40,000 businesses around the world.
Ciaran Martin, a cybersecurity professor at the University of Oxford says It’s probably the biggest ransomware attack of all time,”
He however added that because this was a supply chain attack and the total number of victims was potentially huge.
Cybersecurity firm ESET says it had identified victims of the hack in at least 17 countries, from South Africa to Britain to Mexico. New Zealand’s education ministry said at least two schools there had been affected.
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Author Africa Business Radio
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