Acer Hit by Massive $50 Million Ransomware Attack

With more than and more than reliance on online servers, digital ransomware attacks on major companies take become a nuisance. Last yr, companies such as Garmin and Catechism suffered major ransomware attacks. Recently, we even saw CD Projekt Cherry get hit by a ransomware attack. Now, electronics giant Acer has allegedly suffered one of the biggest ransomware attacks to date, with the hackers demanding $50 million bribe.

This is the biggest ransom amount always demanded in a cyber assail. Ransomware gang REvil reportedly announced the attack on Acer on their official data leak site. Then, every bit per some shared images (attached below), the gang was able to acquire documents of the Taiwanese company's fiscal spreadsheets, bank balances, and bank communications.

Acer has denied the initiation of the attack and said that they "reported recent abnormal situations" relating to appropriate Police force Enforcement and Data Protection government in some countries. In its response, Acer stated that it routinely monitors its Information technology systems for such attacks. Moreover, it is standing to enhance its cybersecurity defenses "to protect business concern continuity and [its] information integrity".

Upon further inquiries, the company added, "in that location is an ongoing investigation and for the sake of security, we are unable to annotate on details." Now, as I mentioned before, the ransom corporeality of this attack, which is $50,000,000, is the biggest to date. Previously, information technology was an corporeality of $xxx meg, besides demanded by REvil, in another similar attack.

Now, equally per a report, the ransomware gang recently launched an set on on a Microsoft Exchange server on Acer's domain. "Avant-garde Intel'south Andariel cyberintelligence system detected that one item REvil affiliate pursued Microsoft Exchange weaponization," Vitali Kremez told BleepingComputers.

The ransomware gang even offered a 20% discount on the $l million ransom amount if Acer would take paid the arrangement this by Wednesday. In return, REvil would have provided a decryptor, a vulnerability report, and also would have deleted the stolen files from its directories.