Express

Notorious Cryptogang Evil Corp. Demands $10 Million Ransom From Garmin, But Company May Not Be Allowed To Pay

Emily Mason

Summary: Ransomware gang Evil Corp is demanding $10 million worth of crypto to restore control over key functionalities to international tech company Garmin after a successful ransomware attack, as reported by Cointelegraph. The company's support services and navigation solutions, among other things, were affected by the attack. The Russian cyber criminals are notorious with the leader, Maksim ...

Ransomware gang Evil Corp is demanding $10 million worth of crypto to restore control over key functionalities to international tech company Garmin after a successful ransomware attack, as reported by Cointelegraph.

The company's support services and navigation solutions, among other things, were affected by the attack. The Russian cyber criminals are notorious with the leader, Maksim Yakubets, making it onto the FBI's most wanted list with a $5 million reward attached.

Recent sanctions against the known cyber gang mean that if Garmin pays the ransom, they could be in trouble with the U.S. government.

By Emily Mason

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 10 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 17 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 21 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 24 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 28 days ago
  • You need to login to comment.