Fortune 50 biz coughed up record-breaking $75M ransom to halt leak of stolen data

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Fortune 50 biz coughed up record-breaking $75M ransom to halt leak of stolen data
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They say crime doesn't pay. They're right – it's the victims doing the paying

An unnamed Fortune 50 corporation paid a stonking $75 million to a ransomware gang to stop it leaking terabytes of stolen data.

Then in early 2024, the crew managed to extract $75 million in cryptocurrency from one victim, the highest publicly known payment of its kind to date.on Thursday the gang has operated for just a couple of years. Stone-Gross said the crooked crew is"extremely stealthy," and is patient enough to quietly exfiltrate tens of terabytes over many weeks from victims.

When they hit companies, they search for and check how much the firm's insurance policy is set to pay out Russia doesn't have to worry as much as others as that's where a load of ransomware operators are based, and the KremlinStone-Gross observed that Zscaler has yet to see artificial intelligence augment traditional ransomware tactics at scale; AI models could be used to automate social engineering attacks, for instance.

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