July 23, 2024



Kaseya hackers demand $70 million in massive ransomware attack


By Zachary Basu

July 5, 2021

Russia-linked hackers suspected in this weekend’s mass attack on software provider Kaseya, which could affect thousands of companies worldwide, demanded $70 million to restore data they are holding for ransom, Reuters reports.

Why it matters: The hack is the latest and most dramatic in a series of high-profile ransomware attacks this year, exposing the pandemic-style threat that this type of cybercrime poses to companies and governments around the world.

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