Retail Big Media Markt Hit With $50,000,000 Bitcoin Ransomware Demand in Alleged Assault: Report


Europe’s largest shopper electronics chain is being focused in a ransomware assault demanding tens of thousands and thousands of {dollars} price of Bitcoin (BTC).

Based on BleepingComputer, German-based retailer Media Markt is the sufferer of a rip-off the place unhealthy actors stole its knowledge and initially demanded practically 1 / 4 of a billion {dollars} price of BTC.

The assault, which was allegedly initiated by worldwide hacking group Hive on Sunday evening, noticed fraudsters encrypt all the firm’s knowledge which then prompted a shutdown of its IT programs. The group then demanded $240 million in BTC as ransom in trade for a file decryptor.

Nonetheless, the ransom quantity was then reportedly diminished to $50 million.

In a press release given to BleepingComputer, Media Markt says,

“The MediaMarktSaturn Retail Group and its nationwide organizations turned the goal of a cyberattack. The corporate instantly knowledgeable the related authorities and is working at full pace to establish the affected programs and restore any injury prompted as shortly as attainable…

MediaMarktSaturn continues to be accessible to its prospects by way of all gross sales channels and is working intensively to make sure that all providers can be accessible once more with out restriction as quickly as attainable.”

The cyberattack comes after Hive allegedly focused Memorial Well being System in August, prompting the Federal Bureau of Investigation (FBI) to subject a warning in regards to the ransomware gang.

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