Ransomware groups can also target multinational tech companies. Foxconn, a publicly-traded electronics and tech company, headquartered in Taiwan, has been hit by a ransomware attack last November 29.
The hackers said they encrypted data related to its North American operations and told Foxconn to pay around 1,804 Bitcoin (currently worth about $34.5M) for a decryption tool.
“If no contact made in 3 business days after the infection, the first portion of data will be shared to the public.” – DopperPaymer
The deadline was last week, and Foxconn must have reached out to the hackers, and the company hasn’t shared any details yet.
The attack hit at the tech giant’s Mexican facility for electronics assembly and shipping. In an interview, DopperPaymer stated that it has encrypted “about 1200 – 1400 servers” and had destroyed up to up to 30 TB of backups in a bid to force Foxconn’s ransom money.
Though it doesn’t necessarily carry BTC on its balance sheet, Foxconn is familiar with the technology behind Bitcoin. It has invested in blockchain startups such as Abra, a crypto investment platform for non-accredited types and Cambridge Blockchain, a digital identity firm.
Although it didn’t carry BTC on its balance sheet, Foxconn is aware of the technology behind Bitcoin. It invested in blockchain startups like Abra and Cambridge Blockchain.
The $34M in bitcoin that has been asked is a drop in the bucket. BlackFog recorded 28 ransomware attacks in November alone, including against Mattel Toy Company, Manchester United Football Club, and Baltimore Public Schools.
Depending on the data, it will be thrifty to ignore DopperPaymer. Sophos stated that it costs attacked companies twice as much to pay the ransom to get the data back by any means.
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