Clop Ransomware demands $20 million from Software AG

Software AG, a Germany-based IoT technology platform has reportedly become a victim of Clop Ransomware and highly placed sources say that the company fell prey to the file encrypting malware attack early this month and now the hackers are demanding $20 million to unlock the data for access.

In what is known to our Cybersecurity Insiders, Software AG is not willing to fulfill the demands of hackers as it is planning to recover its data assets through backups. However, as CLOP Ransomware spreading gang has a habit of stealing its victim’s data only to post it later if the victim denies a ransom pay, the tech giant has taken the expertise of Cybersecurity professionals on how to deal with the situation.

Last week, hackers tried to pressurize the Sanjay Brahmawar led company by posting some personal information about his passport and company finances.

Although Software AG confirmed the incident on October 5th, 2020, its website is still saying that the online support service has been withdrawn because of technical difficulties.

Meanwhile, in another incident, the ransomware group that had targeted Fairfax County Public Schools (FCPS) in Sept this year is said to have leaked the personal information of students and staff on Friday last week via a forum on the dark web.

“During corona pandemic crisis, it’s a lot of stress as I need to check all my accounts and see that there haven’t gone through any breach. And also I need to do a credit check as a precautionary measure,”, said Paul McClemens, the Arts Teacher working for FCPS.

Highly placed sources say that over 1,124 systems related to the educational institute were affected by the ransomware attack identified on September 11, 2020 and popular ransomware group dubbed Maze is suspected to be behind the incident.

Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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