Hackers demand $50 million in ransom from Acer

A hacker group has demanded $50 million in ransom from Taiwanese PC maker Acer, according to Bleeping Computer. Attackers reportedly gained access to Acer’s network by exploiting a Microsoft Exchange vulnerability.

The hacker group has given Acer time until March 28 to pay the ransom else it will publish the data it claims to have accessed.

The report further said that a group known as ‘REvil’ was behind the attack on Acer. The same group is said to be responsible for the last year’s ransomware attack on Travelex, a London-based foreign currency exchange.

Acer did not explicitly confirm the ransomware attack but said the following in a statement: “The company routinely monitors its IT systems, and most cyberattacks are well defended.

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.”

Report by Chetali S M
Reported on – 21/03/2021