Hackers demand $70 million in Kaseya REvil ransomware attack

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All the victims were using a network management and remote control software developed by Kaseya, a U.S. technology firm that operates a global business.

On Friday, the file-encrypting ransomware hit hundreds of companies and institutions around the world. There were disruptions and some businesses were forced to close.

The Coop, one of Sweden’s largest grocery chains, was immediately impacted and forced to close 800 of its stores. And the schools in New Zealand were unable to open, according to a New York Times report.

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Demi Ben-Ari, Co-Founder & CTO of Tel Aviv-based security management company Panorays said Saturday, that the supply-chain attack meant that “the viral distribution of this thing is going to be massive.”

“This is without a doubt going to turn out to be the biggest most destructive ransomware campaign that we’ve seen so far,” Dmitri Alperovitch, co-founder and former chief technology officer of cybersecurity firm Crowdstrike tweeted.

“Huge number of victims all over the world. Entire networks encrypted. No way to decrypt today without paying millions per network of any significant size.”