BUG - Hackers up their prices demand $70M in latest ransomware attack

style-photography/iStock via Getty Images Colonial Pipeline paid $4.4M in Bitcoin to hackers (before recovering $2.3M). Brazilian meatpacker JBS ended up paying $11M. Now, hackers are demanding $70M to restore data held by companies hit by the latest cyberattack. Backdrop: More than 1,000 organizations were compromised by ransomware following an incident at U.S. IT firm Kaseya, which remotely controls programs for companies that manage internet services for businesses. The breach is believed to be affiliated with the Russian-linked REvil ransomware gang and is one of the single largest criminal ransomware sprees in history. In Sweden, at least 800 stores of chain Coop's couldn't open on Saturday after the attack knocked their cash registers offline. "We're not sure if it's the Russians," said President Biden, ordering a "deep dive" by U.S. intelligence officials on what happened in the attacks. "The initial thinking was, it was not the Russian government, but we're not sure yet." Statement from the FBI: The agency

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Hackers up their prices, demand $70M in latest ransomware attack