Express

IT Software Provider Kaseya Denies Paying $70 Million Bitcoin Ransom

Amy Liu

Summary: IT software provider Kaseya was crippled by an attack attributed to Russia-based hacking group REvil. The ransomware compromised the software and removed the clients' administrator access. REvil demanded $70 million in Bitcoin to restore normal operations. Last week, the company said it had obtained a decryptor key after a ransomware attack, leading to speculation that ...

IT software provider Kaseya was crippled by an attack attributed to Russia-based hacking group REvil. The ransomware compromised the software and removed the clients' administrator access. REvil demanded $70 million in Bitcoin to restore normal operations. Last week, the company said it had obtained a decryptor key after a ransomware attack, leading to speculation that it had paid the $70 million ransom.

Kaseya said on Monday, "We are confirming in no uncertain terms that Kaseya did not pay a ransom—either directly or indirectly through a third party—to obtain the decryptor". 

By Amy Liu

Last Update:

Tags: ,,
Link: IT Software Provider Kaseya Denies Paying $70 Million Bitcoin Ransom   [Copy]
  • Onchain Fatigue: The Harsh Reality Driving Users Away from Web3 16 hours ago
  • Are Airdrops Overfarmed? State of the Market 2 days ago
  • Autonomous Worlds: The Ultimate Goal of Blockchain? 3 days ago
  • Have Cosmos and Polkadot Been Replaced? The Future of ATOM and DOT 6 days ago
  • Polygon AggLayer: Uniting Modular and Monolithic Blockchain Architectures 7 days ago
  • You need to login to comment.