Acer Hit by $50 Million Ransomware Attack

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Image: Acer

Computer giant Acer has been hit by a ransomware attack that might end up costing the company millions of dollars. The attack has been confirmed by information security and technology news publication Bleeping Computer, which shared leaked images from the ransomware gang showcasing various sensitive documents stolen from the company, such as financial spreadsheets, bank balances, and bank communications. Acer is being asked to pay $50,000,000—the largest known ransom to date.

“Acer routinely monitors its IT systems, and most cyberattacks are well defensed,” a statement received by BleepingComputer reads. “Companies like us are constantly under attack, and we have reported recent abnormal situations observed to the relevant law enforcement and data protection authorities in multiple countries.”

“We have been continuously enhancing our cybersecurity infrastructure to protect business continuity and our information integrity. We urge all companies and organizations to adhere to cyber security disciplines and best practices, and be vigilant to any network activity abnormalities.”

Acer didn’t provide any additional details aside from the fact that it had started an investigation, but leaked conversations have revealed that the REvil ransomware group was willing to give the computer giant a 20 percent discount on the ransom if it had been paid by this past Wednesday. According to BleepingComputer, the previous largest known ransom to date was the $30 million ransom from the cyber attack on Asian retail chain Dairy Farm, which was also engineered by REvil.

Tsing Mui
News poster at The FPS Review.

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