McMenamins suffers a Ransomware Attack

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McMenamins, a family owned company of crafted breweries in Oregon & Washington, has reportedly suffered a ransomware attack, blocking down several of its digital services like hotel room booking and such.

The employees of the company have been asked to use other digital services to stay in touch with each other and were given a hint that it might take at least 10 days for the business to recover from the incident.

A source based on the condition of anonymity said that those spreading Conti Ransomware gang could have attacked the servers of McMenamins and so a third party service has been hired to investigate the incident.

Conti Ransomware operating from Russia is known to first steal the information from the targeted database and then encrypt it entirely until a ransom is paid. If the victim fails to pay the ransom in cryptocurrency, they then sell the stolen data on the dark web.

Note 1– Recently, a US based company titled Shutterfly was also hit by Conti hackers who demanded a ransom of $10 million to unlock the database from encryption.

Note 2- Conti Ransomware gang has so far targeted corporate networks of companies operating in Manufacturing, power and government sector. Usually, they demand a ransom payment ranging between $10 million to $50 million. However, sometimes they were found negotiating the demanded sum and were also seen taking $1 million to free up the encryption driven database.

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