Cryptocurrency

Russian Ransomware Group, REvil, Attacks 200 Firms, Demands $70 Million in Bitcoin

Russian-based ransomware group REvil has once more attacked at least 200 corporations in its newest operation. The group is demanding a ransom of $70 million in Bitcoin as ransom to launch the stolen information.

Firms Hacked Through Software Supplier Kaseya

According to Reuters, REvil focused software program provider Kaseya and used its know-how administration software program to unfold the ransomware by way of the cloud.

One of Kaseya’s instruments, VSA, utilized by a number of corporations, was encrypted with contaminated recordsdata, paralyzing a whole bunch of corporations.

“More than one million methods had been contaminated. If anybody needs to barter about common decryptor – our value is $70 million in Bitcoin,” the ransomware group mentioned as reported in a darkish web site, Happy Blog.

Updating corporations on the incident, Kaseya mentioned it was engaged on a patch that might improve the safety of its VSA server. It additionally suggested its clients to proceed to stay offline till it’s secure to revive operations.

Ransomware assaults by REvil have been fixed these previous few months. In May, the Russian group attacked a significant pipeline agency, Colonial Pipeline, and obtained a $5 million ransom after spurring a gasoline disaster within the US.

That identical month, JBS Holdings, the world’s largest meat firm, was additionally attacked by the identical group, which led to an $11 million ransom cost.

CNA Financial. CNA, one of many largest insurance coverage corporations within the US, reportedly paid $40 million in Bitcoin to revive entry to its community after a ransomware assault.

Biden Taking Ransomware Attacks Seriously

Over the previous few months, US president Joe Biden and his administration have taken a extra severe stance on ransomware assaults.

The US Department of Justice (DoJ) had beforehand mentioned that it might begin treating these assaults with the identical urgency it treats terrorism.

US Officials have spent the previous few months scrutinizing these crimes whereas additionally tracing funds. Last month, the officers disclosed that that they had recovered a lot of the $4.4m ransom paid to the hackers chargeable for the Colonial Pipeline assault.

In a bid to curtail these assaults, final month, President Biden additionally met with Russian President Vladimir Putin to debate and proffer options. Biden had advised Putin that if ransomware assaults continued and had been discovered to be from Russia, there can be penalties.

During a latest public look, Biden mentioned that he had directed the US intelligence businesses to research the ransomware matter.

Biden’s statements come after the US Department of State’s official Victoria Nuland spoke concerning the Colonial Pipeline hack. In a gathering with Salvadoran president Nayib Bukele, Nuland mentioned the US State Department was taking a troublesome take a look at bitcoin because of the Colonial Pipeline ransomware hack.

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