JACK CABLE STAMOS GROUP RANSOMWHERE SOFTWARE

Sometimes, even when you do pay, your data still might not be recovered. Failure to pay, and your data is encrypted forever. And he's rightRansomware is malware that blocks access to the data on a computer until a sum of money is paid. Vamosi: That's Chris Krebs, former director of the Cybersecurity and Infrastructure Security Agency under the US Department of Homeland Security. Krebs: W e are on the cusp of a global digital economy driven by greed, a vulnerable digital ecosystem, and an ever widening criminal. Vamosi: With the Colonial Pipeline criminal attack, we’ve seen that ransomware is an urgent national security risk that threatens schools, hospitals, businesses, and governments across the globe. He also talks about his infosec journey hacking cryptocurrencies, joining the Digital Defense Service and CISA, and helping secure the 2020 presidential election… all before the age of 22.

In this episode, Jack Cable talks about hacking the Qlocker ransomware and briefly interrupting its payment system. On Sunday, the White House said it was reaching out to victims of the outbreak 'to provide assistance based upon an assessment of national risk'.What if you discovered a flaw in a ransomware payment system that unlocked the data without paying the ransom? Would you use it? Would you help others? 'Its nothing more than a business,' the representative said when asked about the impact on grocery stores.Ībout a dozen different countries have been affected by the breach, according to research published by cybersecurity firm ESET. But they expressed no such regret about the disruption in Sweden, where hundreds of Coop supermarkets had to be closed because of the attack. In their conversation with Reuters, the hackers' representative described the disruption in New Zealand as an 'accident'. Kindergarten Association Whanau Manaaki, which has more than 100 member kindergartens, said it had been impacted and had asked members to keep offline, Radio New Zealand reported.Įducation Minister Chris Hipkins said the government was working to isolate any further risks. New Zealand said on Monday (July 5) that 11 schools and several kindergartens were affected by the ransomware attack. The fallout of July 2 hack is still coming into focus. 'For all of their big talk on their blog, I think this got way out of hand,' said Mr Allan Liska of cybersecurity firm Recorded Future. 'It makes you wonder if they're having a hard time getting people to pay,' he said.Īnother expert said that the hackers, by encrypting so much data from so many businesses at once, may have bitten off more than they could chew. Reuters was subsequently able to log on to the payment portal and chat with an operator who said the price was unchanged at US$70 million 'but we are always ready to negotiate'.īecause of REvil's affiliate structure, it is occasionally difficult to determine who speaks on the hackers' behalf, but Mr Cable said both conversations suggested that despite the headline US$70 million demand 'they're definitely not attached to that number'.

Mr Cable said he managed to get through to the hackers after obtaining a cryptographic key needed to log on to the group's payment portal.

JACK CABLE STAMOS GROUP RANSOMWHERE SOFTWARE

The REvil ransomware gang, also known as Sodinokibi, is publicly demanding US$70 million (S$94 million) to restore the data it is holding ransom after their data-scrambling software affected hundreds of small and medium businesses across a dozen countries - including schools in New Zealand and supermarkets in Sweden.īut in a conversation with Mr Jack Cable of the cybersecurity-focused Krebs Stamos Group, one of the gang's affiliates said he could sell a 'universal decryptor' for all the victims for US$50 million. WASHINGTON - The hackers who have claimed responsibility for an international ransomware outbreak have lowered their asking price in a private conversation with a cybersecurity expert, something he said may be a sign the group was having trouble monetising their massive breach.

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