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Acer reportedly hit by $50 million ransomware attack

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rjohnson11
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Monday, March 22, 2021 6:49 PM (permalink)
Acer reportedly hit by $50 million ransomware attack | KitGuru
 
Microsoft recently released security updates to address vulnerabilities found in Exchange, but it would seem that Acer may have been attacked prior to these updates rolling out. According to Bleeping Computer, the REvil group may have been behind the attack, although the $50 million ransom demand is much higher than previous attempts.
 
In a statement following the report, an Acer spokesperson did not confirm if a ransomware attack had took place, or if it had received a demand for money. However, the spokesperson did say that the company has “reported recent abnormal situations observed to the relevant law enforcement and data protection authorities”. The group behind the attack may have stolen confidential documents and files, which are being used as leverage for the ransom demand. Currently Acer and law enforcement are conducting an on-going investigation, so the company is remaining tight-lipped for now “for the sake of security”. With that in mind, there should be an update in the weeks to come.
 
I still don't understand why these high profile companies have lapses in PC security
 
 

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    Cool GTX
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    Re: Acer reportedly hit by $50 million ransomware attack Tuesday, March 23, 2021 9:14 PM (permalink)
    "may have stolen confidential documents and files, which are being used as leverage" (excerpt in quotes)
     
     
    Something is going on, because wiping every server & loading the last good image would not cost anything close to 50 million
     
     
    So Mr Jason Chen, CEO & Chairman, going to spend some more money on the IT security budget, now ?

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    NazcaC2
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    Re: Acer reportedly hit by $50 million ransomware attack Sunday, March 28, 2021 6:50 PM (permalink)
    With my experience, ransomware is caused by RDP (Remote Desktop Protocol) getting exploited. In the computer business I work for, we've come across some clients who have been compromised sometimes more than once and it's often solved by a few hardware and software mitigations. The cost is peanuts compared to the price these companies pay to get back up and running.

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