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Cyber Security

Conti Gang Hits IoT Chipmaker Advantech with $14M Ransom Demand

Ransomware group has leaked stolen data to add pressure on Advantech to pay up. The chip manufacturer received a ransom note from a Conti ransomware operation on Nov. 26 demanding 750 Bitcoin, which translates into about $14 million, to decrypt the data they stole. The ransom note claimed that the 3.03GB of data posted on the leak site accounted for about 2 percent of the total amount of data lifted ripped off. The longer it waits to decide, the more expensive the ransom gets.

Source: https://threatpost.com/conti-iot-chip-advantech-ransom-demand/161691/

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