Finance

Hackers Demand Huge Ransom In Exchange Of Sensitive Data

04/15/2023
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  • Western Digital Corp (NASDAQ: WDC) hackers are claiming a ransom — of a “minimum 8 figures” in exchange for not publishing 10 terabytes of data stolen from the company.

  • The data stolen includes reams of customer information, TechCrunch reports.

  • On April 3, Western Digital updated on a network security incident identified on March 26, 2023. An unauthorized third party accessed several of the company’s systems in connection with the ongoing incident.

  • Also Read: Cybersecurity Firm Warns Financially Motivated Cyber Criminals Actively Exploiting Zero-Day Vulnerabilities, Microsoft Patches Bug

  • One of the hackers proved they could now digitally sign files to impersonate Western Digital.

  • They also shared phone numbers allegedly belonging to several company executives.

  • One of the hackers shared screenshots showing a folder from a Box account belonging to Western Digital, an internal email, files stored in a PrivateArk instance (a cybersecurity product), and a screenshot of a group call where one of the participants is Western Digital’s chief information security officer.

  • The hackers also said they were able to steal data from the company’s SAP Backoffice, which helps companies manage e-commerce data.

  • Their goal was to make money, though they decided against using ransomware to encrypt the company’s files.

  • The hacker said they have also emailed several executives — using their email addresses because the corporate email system is currently down — demanding a “one-time payment.”

  • Hackers said they come up with targets “randomly. They exploit vulnerabilities within their infrastructure and reach the global administrator of their [Microsoft Corp (NASDAQ: MSFT)] Azure tenant.

  • The hacker threatened to start publishing the stolen data on the website of the ransomware gang Alphv if Western Digital failed to give in to their demands.

  • Price Action: WDC shares traded higher by 3.04% at $38 premarket on the last check Friday.

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This article Western Digital Data Breach: Hackers Demand Huge Ransom In Exchange Of Sensitive Data originally appeared on Benzinga.com

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Source: https://finance.yahoo.com/news/western-digital-data-breach-hackers-132007371.html