Acer reportedly hit with $50 million ransomware demand – The Verge1 min read

A hacking group is requiring $50 million from Acer, Bleeping Computer reported, in what appears to be one of the greatest ransomware needs to date. According to Bleeping Computer, the opponents might have gotten access to the Taiwanese computer system producers network through a Microsoft Exchange vulnerability. The REvil group that carried out a ransomware attack on Travelex last year is thought to be behind the Acer breach.
Bleeping Computer stated REvil is giving Acer up until March 28th to pay the ransom or it will leak the data it claims to have gathered. Microsoft just recently launched a number of security updates to fix vulnerabilities for exploits discovered in its Exchange software application, however it wasnt right away clear whether the Acer breach was linked.
Acer did not acknowledge whether it had actually been the victim of a ransomware attack, however a representative stated in an email to The Verge on Saturday that the company “consistently monitors its IT systems, and most cyberattacks are well defensed. Business like us are continuously under attack, and we have reported current unusual circumstances observed to the appropriate law enforcement and data protection authorities in multiple nations.”
The spokesperson added that the business could not supply more information: “As this is an ongoing examination and for the sake of security, we are not able to comment on details.”

Update March 20th 11:10 AM ET: Adds declaration from Acer representative

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