Hackers Demand Hefty Ransom After Successful Ransomware Attack on Telecom Giant

By Alicia Hope for CPO Magazine
Friday, July 31, 2020

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REvil ransomware threatens to publish data belonging to companies who refuse to pay. However, the ransomware gang has not listed Telecom Argentina’s data on its leakage website. The ransomware gang earlier claimed it had damaging information against Donald Trump after hacking Grubman Shire Meiselas & Sack law firm.

Ilia Kolochenko, Founder & CEO of web security company ImmuniWeb, pointed out that the higher ransom demand was indicative of elevated levels of compromise.

“The unusually high amount of the demanded ransom may indicate that the attackers got full access to the Crown Jewels of the allegedly breached ISP. The US Secret Service has already raised an alert earlier this year saying that MSP and organizations like ISP are now increasingly targeted by cybercriminals. Given the amount of confidential clients’ data they handle or critical business services they supply, these victims are highly susceptible to swiftly pay ransom to prevent damage and make sure the incident stays low-profile.” Read Full Article