March 20, 2021

Acer under the Largest Demanding Ransomware Attack Ever

The largest ransomware attack to date demands $50 million.
acer ransomware attack

Many well-reputed companies are being under constant security threat. Recently, Funke Media Group, one of Germany’s third-biggest publishing houses was involved with a ransomware attack and now, Acer.

Acer is a well-known Taiwanese computers and electronics manufacturing company basically popular for its PCs, laptops but have a diverse range of electronics products also.

The company got attacked by the REvil group which demands 50 million dollars within a fixed date.

To date, this is the largest record of a ransomware attack. Otherwise, all the significant data will be leaked. The group has already stolen some important files and leaked some images of the documents like financial spreadsheets and bank information.

The REvil group was reported to be alleged about the ransomware attack on Travelex last year. It is believed that the same group could be behind this breach. There was also another ransomware attack on Dairy Farm by this same group demanding 30 million dollars which become the second-highest now. 

According to Bleeping Computer, the company hasn’t cleared the inquiry yet but their response toward the ransomware attack makes fog over the issue. In a response they have shared, “Acer routinely monitors its IT systems, and most cyberattacks are well defenced. Companies like us are constantly under attack, and we have reported recent abnormal situations observed to the relevant law enforcement and data protection authorities in multiple countries.”

We have been continuously enhancing our cybersecurity infrastructure to protect business continuity and our information integrity. We urge all companies and organizations to adhere to cybersecurity disciplines and best practices and be vigilant to any network activity abnormalities.

– Acer.

They also added that the investigation is going. So, there won’t be any comment on this because of the security concern. 

There is apparently a fixed date which is March 28, 2021, for paying the money. The group has also offered if the payment is made earlier there will be a 20% discount. 

Vitali Kremez told to BleepingComputer that Advanced Intel’s Andariel cyberintelligence program detected that the Revil group targeted a Microsoft Exchange server on Acer’s domain. 

But it is still not clear yet if there was an exploitation issue in Microsoft’s Exchange vulnerabilities to steal data. 

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3 Comments
  1. H Robey

    Someone has to come out with an effective way towards the ransomware problem.

    Reply
    • UTBa

      There are security programs now, that monitor if any of the core system files get modified by an unknown source. As a precaution, the best way is to always keep your data and software licenses backed up, including the Windows license.

      Reply
  2. Yogi

    Interesting!

    Reply
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