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Hackers Demand $70M After Kaseya Ransomware Attack - Investment - Nairaland

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Hackers Demand $70M After Kaseya Ransomware Attack by Nobody: 3:05pm On Jul 05, 2021
Hackers were on Monday demanding $70 million in bitcoin in exchange for data stolen during an 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.

The FBI warned Sunday that the scale of the "ransomware" attack -- a form of digital hostage-taking where hackers encrypt victims' data and then demand money for restored access -- is so large that it may be "unable to respond to each victim individually".

Sweden's Coop supermarket chain was among the most high-profile victims, with "a majority" of their 800 stores still closed three days after the hack paralysed its cash registers, spokesman Kevin Bell told AFP.

Coop is not a direct customer of Kaseya's, but its IT subcontractor Visma Esscom was hit by the attack.

Bell stressed that the situation was looking "positive compared to a few days ago", but the few hundred stores that have reopened were relying on alternative payment solutions, such as customers paying using their smartphones.

Experts believe the attack was probably carried out by REvil, a Russian-speaking hacking group known as a prolific perpetrator of ransomware attacks.

A post on Happy Blog, a site on the dark web previously associated with the group, claimed responsibility for the attack and said it had infected "more than a million systems".

The FBI believes that REvil, which also goes by the name Sodinokibi, was behind a ransomware attack last month on global meat-processing giant JBS, which ended up paying $11 million in bitcoin to the hackers.

The blog post claiming responsibility for the Kaseya attack said the hackers would post a decryption tool online "so everyone will be able to recover from attack in less than an hour" -- if they were handed $70 million in bitcoin.

Kaseya describes itself as a leading provider of IT and security management services to small and medium-sized businesses.

The company said Sunday that it believed the damage had been restricted to a "very small number" of customers using its signature VSA software, which lets companies manage networks of computers and printers from a single point.

But cybersecurity firm Huntress Labs said in a Reddit forum that it was working with partners targeted in the attack, and that the software was manipulated "to encrypt more than 1,000 companies".

Kaseya said it had "immediately shut down" its servers after detecting the attack on Friday and warned its VSA customers to do the same, "to prevent them from being compromised."

The company has released a tool allowing its customers to find out whether their own computer systems have been compromised by the attack.

- Russia-linked hackers strike again? -

In recent months numerous US companies, including the computer group SolarWinds and the Colonial oil pipeline, have been the victims of high-profile ransomware attacks blamed by the FBI on hackers based in Russian territory.

US President Joe Biden recently raised the threat in talks with Russian counterpart Vladimir Putin, and on Saturday he ordered a full investigation into the Kaseya attack.

While "the initial thinking was it was not the Russian government", Biden said, "if it is either with the knowledge of and/or a consequence of Russia, then I told Putin we will respond."

Loic Guezo, head of Clusif, a French association of cybersecurity experts, said the Kaseya attack bore a strong resemblance to last year's spectacular attack against SolarWinds, a software company.

But he added that it was unclear why the hackers were this time demanding such a massive sum of money, and suggested it may have been done with political objectives to put pressure on the Biden administration.

SOURCE

3 Likes 2 Shares

Re: Hackers Demand $70M After Kaseya Ransomware Attack by inoki247: 3:11pm On Jul 05, 2021
Na learner we be our boys dey na only noise we dey always make...


Maybe one day our boys too go face our own reserve and share everybody money na dat time I go see say dem serious....

153 Likes 12 Shares

Re: Hackers Demand $70M After Kaseya Ransomware Attack by adewumiopeyemi(m): 3:11pm On Jul 05, 2021
Wahala be like wetin again grin
Re: Hackers Demand $70M After Kaseya Ransomware Attack by DjAduba(m): 3:11pm On Jul 05, 2021
Let's blame Buhari pls.

19 Likes

Re: Hackers Demand $70M After Kaseya Ransomware Attack by Eberex(m): 3:11pm On Jul 05, 2021
hmm

1 Like 1 Share

Re: Hackers Demand $70M After Kaseya Ransomware Attack by Nostring: 3:11pm On Jul 05, 2021
grin shey I no go learn hacking like this laslas cheesy

21 Likes 3 Shares

Re: Hackers Demand $70M After Kaseya Ransomware Attack by tutudesz: 3:11pm On Jul 05, 2021
This na real hackers, unlike Nigeria own were dey always hack celebrities social media accounts undecided

98 Likes 7 Shares

Re: Hackers Demand $70M After Kaseya Ransomware Attack by brosom(m): 3:11pm On Jul 05, 2021
Every country be facing their own wahala in different dimensions.

9 Likes 2 Shares

Re: Hackers Demand $70M After Kaseya Ransomware Attack by Chatflick(m): 3:11pm On Jul 05, 2021
Good
Re: Hackers Demand $70M After Kaseya Ransomware Attack by Nobody: 3:11pm On Jul 05, 2021
grin
Re: Hackers Demand $70M After Kaseya Ransomware Attack by Bobbysmicky(m): 3:11pm On Jul 05, 2021
This people want crypto to dip again. Smh

26 Likes 3 Shares

Re: Hackers Demand $70M After Kaseya Ransomware Attack by tmtech: 3:11pm On Jul 05, 2021
US GOVERNMENT was able to recover the BTC sent to the guys that shutdown the gas line system, I am sure they can do it again.

After all, crypto is more traceable than most people think.

36 Likes 3 Shares

Re: Hackers Demand $70M After Kaseya Ransomware Attack by WebSurfer(m): 3:12pm On Jul 05, 2021
Can these people stop hacking and putting bitcoin prices in jeopardy? The last pipeline hack is partly what caused the drop of bitcoin including sanctions here and there. SMH

7 Likes

Re: Hackers Demand $70M After Kaseya Ransomware Attack by KmniAutos(m): 3:12pm On Jul 05, 2021
I sell cars

3 Likes 2 Shares

Re: Hackers Demand $70M After Kaseya Ransomware Attack by binary007: 3:12pm On Jul 05, 2021
$70M......................
Re: Hackers Demand $70M After Kaseya Ransomware Attack by Uniswap: 3:12pm On Jul 05, 2021
The real G boys cool

No be all these Instagram noise makers wey go sell 100usd iTunes card come do dreads dey post oluwa up and down
undecided

Enter coinmarket
Pump and dump. Make millions no noise. No dread cool

97 Likes 6 Shares

Re: Hackers Demand $70M After Kaseya Ransomware Attack by BF69BF: 3:12pm On Jul 05, 2021
This country, Nigeria, will scatter.
Re: Hackers Demand $70M After Kaseya Ransomware Attack by Iceyjayzz(m): 3:12pm On Jul 05, 2021
That's a f*cking huge amount of money
Re: Hackers Demand $70M After Kaseya Ransomware Attack by Kingz1414: 3:12pm On Jul 05, 2021
Wonderful
Re: Hackers Demand $70M After Kaseya Ransomware Attack by bukxy: 3:12pm On Jul 05, 2021
Point of correction!
G-boys are not hackers in the first place.

hacking is not about hijacking facebook,instagram or whatsapp account from gullible users.
lol,
Yahoo boys are just scammers,

hacking is even more than knowing terminal command lines, python programming language,bash etc.

56 Likes 5 Shares

Re: Hackers Demand $70M After Kaseya Ransomware Attack by techstack: 3:13pm On Jul 05, 2021
This crypto stuff
I won't continue with my crypto app again

Who will buy a crypto marketplace app for both buyers and sellers.
Its 70 percent completed

1 Like

Re: Hackers Demand $70M After Kaseya Ransomware Attack by Emeskhalifa(m): 3:13pm On Jul 05, 2021
Wahala
Re: Hackers Demand $70M After Kaseya Ransomware Attack by FILEBE(m): 3:13pm On Jul 05, 2021
Loop hole exploitation

1 Like

Re: Hackers Demand $70M After Kaseya Ransomware Attack by ednut1(m): 3:13pm On Jul 05, 2021
Its decentralized yen yen yen. See am now

3 Likes

Re: Hackers Demand $70M After Kaseya Ransomware Attack by WoundedLamb: 3:13pm On Jul 05, 2021
Bitcoin has become a safe haven for you-know-who.
Re: Hackers Demand $70M After Kaseya Ransomware Attack by BlackLaw: 3:13pm On Jul 05, 2021
Damn
Re: Hackers Demand $70M After Kaseya Ransomware Attack by IBILEmayweather(m): 3:13pm On Jul 05, 2021
tongue
Re: Hackers Demand $70M After Kaseya Ransomware Attack by Iceyjayzz(m): 3:13pm On Jul 05, 2021
BF69BF:
This country, Nigeria, will scatter.
What are you saying

1 Like

Re: Hackers Demand $70M After Kaseya Ransomware Attack by Nobody: 3:13pm On Jul 05, 2021
Naija Yahoo boys dey learn work.

2 Likes

Re: Hackers Demand $70M After Kaseya Ransomware Attack by Nuelito: 3:13pm On Jul 05, 2021
Smh....Wahala no dey finish in dx world

My people,if you need Pure Original Honey... kindly contact O81 O1 66 67 71 let's talk about it now...the honey is raw and Unadulterated
Re: Hackers Demand $70M After Kaseya Ransomware Attack by seanwilliam(m): 3:13pm On Jul 05, 2021
How much is 70m$ in naira please??

2 Likes

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