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Kaseya Denies Paying $70 Million Bitcoin Ransom – Decrypt

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In transient

  • Kaseya and its purchasers had been the victims of a ransomware assault in early July.
  • The firm obtained a decryptor key and shared it with purchasers.
  • It nonetheless hasn’t mentioned the way it received the device.

On July 2, IT software program supplier Kaseya was crippled by an assault attributed to Russia-based hacking group REvil. The ransomware compromised the software program and eliminated the purchasers’ administrator entry. REvil demanded $70 million in Bitcoin to revive regular operations.

Last week, it introduced it had obtained the decryptor key to undo the assault, which affected lots of of companies that use Kaseya software program worldwide. But it declined to say how—past that it had come from a “trusted third party,” resulting in hypothesis that it had paid the $70 million ransom.

Not so, mentioned Kaseya on Monday. “We are confirming in no uncertain terms that Kaseya did not pay a ransom—either directly or indirectly through a third party—to obtain the decryptor,” it mentioned in an update on its website.

Others have paid such ransoms, regardless of warnings final 12 months from the Treasury Department that paying hackers may very well be a violation of US sanctions in opposition to particular overseas actors.

Meatpacker JBS USA paid an $11 million Bitcoin ransom to REvil in June that threatened one-quarter of the nation’s meat provide. A month prior, Colonial Pipeline paid a $4.4 million BTC fee to Russia-linked DarkSide, although it ostensibly did so after consulting with the Justice Department; federal regulation enforcement was in a position to get better among the funds.

“While each company must make its own decision on whether to pay the ransom, Kaseya decided after consultation with experts to not negotiate with the criminals who perpetrated this attack and we have not wavered from that commitment,” Kaseya wrote.

“Kaseya decided after consultation with experts to not negotiate with the criminals who perpetrated this attack…”

That denial offers added weight to competing theories suggesting that Kaseya obtained the decryption device through authorities backchannels. President Joe Biden has threatened Russia President Vladimir Putin with “consequences” ought to Russia select to not act on ransomware assaults that happen inside its borders. The U.S. has promised to share intelligence with Russia on the matter. REvil subsequently disappeared from the darkish net.

Ransomware funds had price firms this 12 months the equal of $81 million, as of mid-May, according to blockchain tracking firm Chainalysis. That would not account for the prices of community outages or working independently to revive service.


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(This story has not been edited by CryptoNFT | Latest News Live and is revealed from a syndicated feed.)

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