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[Slashdot] - In Private Conversation, Hackers Behind Ransomware Outbreak Lower Demand To $50 Million


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The hackers who have claimed responsibility for an international ransomware outbreak have lowered their asking price in a private conversation with a cybersecurity expert, something he said may be a sign the group was having trouble monetizing their massive breach. From a report: The REvil ransomware gang, also known as Sodinokibi, is publicly demanding $70 million to restore the data it's holding ransom after their data-scrambling software affected hundreds of small and medium businesses across a dozen countries - including schools in New Zealand and supermarkets in Sweden. But in a conversation with Jack Cable of the cybersecurity-focused Krebs Stamos Group, one of the gang's affiliates said he could sell a "universal decryptor" for all the victims for $50 million. Cable told Reuters he managed to get through to the hackers after obtaining a cryptographic key needed to log on to the group's payment portal. Reuters was subsequently able to log on to the payment portal and chat with an operator who said the price was unchanged at $70 million "but we are always ready to negotiate."

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Read more of this story at Slashdot.

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