Apple supplier is the fresh target of a ransomware hack worth $50 million

Apple supplier is the fresh target of a ransomware hack worth $50 million

Tech News: Apple supplier is the fresh target of a ransomware hack worth $50 million.

The REvil ransomware gang has found a new target. BleepingComputer and Bloomberg report that the group is threatening Apple after one of the biggest of the tech giant MacBook the suppliers, Quanta, would have refused to pay a $ 50 million ransom following an attack that targeted its systems. The attackers announced their efforts on the sidelines of Apple’s spring event, after Quanta indicated that it would not pay by the April 27 deadline, and leaked what appeared to be. MacBook design.

REvil said it would increase demand to $ 100 million if Quanta didn’t pay by the due date. The company claimed to have “all data on the local network” from the contract manufacturer, although it is not clear how much he actually has.

In a statement to Bloomberg, Quanta acknowledged that the hack targeted a “small number” of servers and claimed to have been in contact with data protection authorities and law enforcement. The company added that there was “no material impact” on the company, although it did not say whether or not it intended to pay the ransom. Apple refused to comment.

Hacking team targeted Travelex money transfer service in early 2020 and recently tried to extort $ 50 million from Acer in a similar ransomware campaign. It also attacked companies like Asteelflash and Pierre Fabre for smaller amounts, which amounted to “only” $ 25 million. High demands can be a negotiation tactic, researchers told BleepingComputer – REvil can still walk away with huge sums if it accepts a lower payment.

Self Apple and How much it gives or not, the incident illustrates the growing ambitions of ransomware groups. In addition to well-known companies, they have also forced city governments to pay ransoms and organizations struggle in other ways to pay millions or risk significant damage. Don’t expect the perpetrators to be caught anytime soon either. In addition to covering their tracks (for example, operating on the dark web), they often operate in Russia (as REvil does) or other countries that don’t always crack down on hackers targeting foreign entities.