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The company's nearly $5 million ransom payment to hackers defies the conventional wisdom that companies shouldn't give in to cybercriminals' demands.
The FBI has historically discouraged but not prohibited American ransomware victims from paying their hackers. Skip to main content. News. 24/7 Help. For premium support please call: 800 ...
An increasing share of the ransoms paid are over $1 million as hackers target rich companies that can afford to pay, according to Chainalysis. Those high-profile hacks aside, the “everyday ...
The actual oil pumping systems were still able to work. According to CNN sources in the company, the inability to bill the customers was the reason for halting the pipeline operation. [ 22 ] Colonial Pipeline reported that it shut down the pipeline as a precaution due to a concern that the hackers might have obtained information allowing them ...
LockBit is a cybercriminal group proposing ransomware as a service (RaaS). Software developed by the group (also called ransomware) enables malicious actors who are willing to pay for using it to carry out attacks in two tactics where they not only encrypt the victim's data and demand payment of a ransom, but also threaten to leak it publicly if their demands are not met.
Victims of ransomware paid their attackers more than $1 billion last year, a new report has found, a record high.
JBS paid the hackers an $11 million ransom. [12] The ransom was paid in Bitcoin. [13] American politician Carolyn Maloney criticized the company for paying the ransom due to concerns it might incentivize further attacks. [14] The attack brought attention to the potentially negative consequences of consolidation in meat production. [15]
San Bernardino County officials confirmed that hackers had been paid a $1.1-million ransom after a cyberattack on the Sheriff's Department, an unusual move for hacks involving law enforcement ...