He was attacked by Acer’s ransomware. The attackers reportedly demanded $50 million. The possibility is that the attackers may have used a Microsoft Exchange vulnerability to break into the company’s systems.
According to Bleeping Computer, The Record and other sources, the REvil ransomware gang is demanding $50 million from Taiwanese computer manufacturer Acer.
The attack is not the largest to date, but it is said to be one of a significant ransomware demand. It is also believed that the attack was carried out because Acer is a massive company that reported earnings of $3 billion in the fourth quarter of 2020.
The group behind last year’s $6 million ransomware attack on Travelex reportedly hacked Acer on a web portal earlier this week, along with some images for evidence.
According to the revelations, the aggressive group gave the company until March 28 to pay before leaking the stolen data online. In addition, in a conversation between REvil and Bleeping Computer group and an Acer representative, hackers claim the company was offered a 20 per cent discount if paid early.
When asked about the attacked Acer, the tech company denies it was a ransomware attack. The company simply stated to Bleeping Computer that it “reported recently observed anomalies to relevant law enforcement and data protection authorities in multiple countries.”
In addition, advanced Intel is the Andariel cyber intelligence platform that links a security breach to a Microsoft Exchange vulnerability.
If you recall, Microsoft recently released a patch for four Exchange vulnerabilities exploited by bad actors. An Organization sponsored by the Chinese state is believed to be behind many of the attacks involving stock market defects, but other groups may have benefited.