Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Hackers demand $70 million to restore data from hundreds of companies hit by cyberattack

Hackers demand $70 million to restore data from hundreds of companies hit by cyberattack

The cybercriminals believed to be behind a devastating attack that left hundreds of companies worldwide offline have reportedly demanded $70 million to restore the data they’re holding ransom.
The demand was posted on a ‘dark web’ blog on Sunday, Reuters reported. The blog is “typically used” by the REvil cybercrime gang, who cybersecurity researchers believe are responsible for the latest attack, as well as an attack in May on JBS, the world’s largest meat-processing corporation.

Last week’s attack targeted Kaseya, a remote IT management platform. Hundreds of Kaseya’s clients in the US, Canada, the UK and worldwide had their data frozen, with knock-on effects for customers in some cases. Swedish grocery chain Coop was forced to close all 800 of its stores on Saturday, as the attack had taken its cash registers offline.

The White House announced on Sunday that the FBI and Department of Homeland Security “will reach out to identified victims to provide assistance.” President Joe Biden, who has previously accused Russia of being behind similar attacks, told reporters that he is “not sure it’s the Russians,” and is waiting on the US’ intelligence agencies to investigate.

The US has previously blamed Russia for numerous cyberattacks on American infrastructure and commerce. The Biden administration sanctioned Russia in April, partly over its alleged involvement in last year’s SolarWinds hack. Even though Biden didn’t accuse Moscow of direct involvement in a cyberattack targeting the US’ fuel supply in May, he did insist that it bore “some responsibility,” as the hackers had allegedly been operating from a Russian-speaking country.

Blame has also been leveled at Beijing. Microsoft claimed in March that it had caught Chinese “state-sponsored” hackers breaking into its email servers, and cybersecurity researchers have accused the Chinese state of involvement in multiple attacks since, including one on New York’s public transportation network.

Moscow and Beijing have consistently denied US accusations of cybercrime involvement.

In a statement on Friday, the Russian Embassy in Washington expressed hope that the US would “abandon the practice of unfounded accusations and focus on professional work with Russian experts to strengthen international information security.”
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
U.S. and Hungarian Officials Talk About Economic Collaboration and Sanctions Strategy
Technology Giants Activate Lobbying Campaigns Against Strict EU Regulations
Pope Francis Admitted to Hospital in Rome Amid Increasing Speculation on Succession
Zelensky Calls on World Leaders to Back Peace as Tensions Rise with Trump
UK Leader Keir Starmer Calls for US Security Guarantee in Ukraine Peace Deal
NATO Chief Urges Higher Defense Expenditure in Europe
The negotiation teams of Trump and Putin meet directly, establishing the groundwork for a significant advancement.
Rubio Touches Down in Riyadh Before Key U.S.-Russia Discussions
Students in Serbian universities Unite to Hold Coordinated Protests for Accountability.
US State Department Removes Taiwan Independence Statement from Website
Abolishing opposition won't protect Germany from Nazism—this is precisely what led Germany to become Nazi!
Transatlantic Gold Rush: Traders Shift Bullion in Response to Tariff Anxieties and Market Instability
Bill Ackman Backs Uber as the Company Shifts Towards Profitability
AI Titans Challenge Nvidia's Supremacy in Light of New Chip Innovations
US and Russian Officials to Meet in Saudi Arabia Over Ending Ukraine Conflict. Ukraine and European leaders – who profit from this war – excluded from the negotiations.
Macron Calls for Urgent Summit as Ukraine Conflict Business Model is Threatened
Trump’s Defense Secretary: Ukraine Won’t Join NATO or Regain Lost Territories
Zelensky Urges Europe to Bolster Its Military in Light of Uncertain US Backing
Chinese Zoo Confesses to Dyeing Donkeys to Look Like Zebras
Elon Musk is Sherlock Holmes - Movie Trailer Parody featuring Donald Trump's Detective
Trump's Greenland Suggestion Sparks Sovereignty Discussions Amid Historical Grievances
OpenAI Board Dismisses Elon Musk's Offer to Acquire the Company.
USAID Uncovered: American Taxpayer Funds Leveraged to Erode Democracy in Europe Until Trump Put a Stop to It.
JD Vance and Scholz Did Not Come Together at the Munich Security Conference.
EU Official Participates in Discussions in Washington Amid Trade Strains
Qatar Contemplates Reducing French Investments Due to PSG Chief Investigation
Germany's Green Agenda Encounters Ambiguity Before Elections
Trump Did Not Notify Germany's Scholz About His Ukraine Peace Proposal.
Munich Car Attack Escalates Migration Discourse Before German Elections
NATO Allies Split on Trump's Proposal for 5% Defense Spending Increase
European Parliament Advocates for Encrypted Messaging to Ensure Secure Communications
Trump's Defense Spending Goal Creates Division Among NATO Partners
French Prime Minister Bayrou Navigates a Challenging Path Amid Budget Preservation and Immigration Discourse
Steering Through the Updated Hierarchy at the European Commission
Parliamentarian Calls for Preservation of AI Liability Directive
Mark Rutte Calls on NATO Allies to Increase Defence Expenditures
Dresden Marks the 80th Anniversary of the World War II Bombing.
Global Community Pledges to Aid Syria's Political Transition
EU Allocates €200 Billion for AI Investments, Introduces €20 Billion Fund for Gigafactories
EU Recognizes Its Inability to Close the USAID Funding Shortfall Due to Stalled US Aid
Commission President von der Leyen Missing from Notre Dame Reopening Due to Last-Minute Cancellation
EU Officializes Disinformation Code for Online Platforms, Omitting X
EU Fails to Fully Implement Key Cybersecurity Directives
EU Under Fire for Simplification Discussions Regarding Corporate Sustainability Reporting
Shein Encountering Further Information Request from the EU During Ongoing Investigation
European Commission Initiates Investigation into Shein as It Aims at Chinese E-Commerce Regulations
German Officials Respond to U.S. Proposal for Peace Talks with Russia
Senate Approves Robert F. Kennedy Jr. as Secretary of Health and Human Services.
Trump and Putin Engage in Discussions on Ukraine Peace Negotiations Amid Worldwide Responses
Honda and Nissan End Merger Talks
×