September 22, 2021

Volume XI, Number 265

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September 21, 2021

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September 20, 2021

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$50 Million Ransom Demand Largest Ever

In what is being reported as the largest ransom demand ever, Taiwanese electronics and computer manufacturer Acer has reportedly been hit with a ransomware attack by REvil, which is demanding a ransom of $50 million for the destruction of leaked documents.

REvil posted images of Acer documents on its website, including financial and bank information, to prove it has exfiltrated data. In exchange for payment of the outrageous ransom request, REvil stated that it would provide a decryptor, a vulnerability report, and proof of deletion of the stolen files.

Acer has stated that there is an ongoing investigation and that it has notified appropriate authorities.

Copyright © 2021 Robinson & Cole LLP. All rights reserved.National Law Review, Volume XI, Number 84
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About this Author

Linn F. Freedman, Robinson Cole Law Firm, Cybersecurity and Litigation Law Attorney, Providence
Partner

Linn Freedman practices in data privacy and security law, cybersecurity, and complex litigation. She provides guidance on data privacy and cybersecurity compliance to a full range of public and private clients across all industries, such as construction, education, health care, insurance, manufacturing, real estate, utilities and critical infrastructure, marine, and charitable organizations. Linn is a member of the firm's Business Litigation Group and chairs its Data Privacy + Cybersecurity Team. She is also a member of the Financial Services Cyber-Compliance Team (CyFi ...

401-709-3353
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