Hacker group REvil demands $70 million bitcoin ransom

REvil, a cyberhacking group that has caught the world’s attention because of its recent hacking of Colonial Pipeline’s system, is back in the headlines. 

This time, REvil is demanding an astounding $70 million bitcoin ransom for stopping its global cyberhacking activities. The group has currently “taken hostage” hundreds of companies all over the world by locking up their systems through a sophisticated ransomware attack. 

1 million systems infected globally

The cyber hacking group made its bold announcement after its big-time hacking in United States and United Kingdom. The REvil group claimed that it has already infected 1 million systems all over the world. 

It also added that it possesses a “universal decryptor” that would free the companies “under hostage”, and this decryptor would be willingly given in exchange for a $70 million Bitcoin ransom.

Not bowing to the group’s demands

It is not clear if anybody has expressed an interest to cooperate with the hacking group. What’s clear is that a growing number of groups are collaborating to crack REvil’s encrypted codes to help companies free their systems. 

Kaseya Ltd., a software provider, and some 17 nations have been working together to find the best way to break the hacking group’s encryptions. 

Kasey has released a statement and said that the ongoing collaboration has successfully localized the REvil group’s hacking damages. According to the security company, REvil has only damaged 40 customers out of the 40,000 of the companies they have infected. 

But with REvil’s proven capabilities to launch destructive attacks, even U.S. President Joe Biden, the FBI, and Cybersecurity and Infrastructure Security Agency (CISA) are all taking the hacking group seriously. 

 

Image courtesy of Cointelegraph News/YouTube

Micky is a news site and does not provide trading, investing, or other financial advice. By using this website, you affirm that you have read and agree to abide by our Terms and Conditions.
Micky readers - you can get a 10% discount on trading fees on FTX and Binance when you sign up using the links above.