Cyber News Rundown: REvil Ransomware Strikes

By Connor Madsen, Webroot

REvil Ransomware Strikes Hosting Provider

In recent days the web hosting provider Managed.com has been working to recover from a ransomware attack targeting many of their core systems. While the company was able to stop the spread of the attack by shutting down their systems and client websites, it remains unclear what information may have been encrypted and sent elsewhere. The demanded ransom is equal to $500,000 in Monero cryptocurrency and is set to double if not paid in the next week.

Cyberattack Shuts Down Americold Operations

Cold storage provider Americold revealed this week it was forced to shut down many of its systems after discovering evidence of a cyberattack. Some variant of ransomware is thought to be responsible for the attack, which has disabled several customer-facing services and could still be affecting Americold. Fortunately, the company responded quickly and was able to stop the attack from spreading across its network, which could have caused significantly more damage, especially if financial information was accessed.