Oracle Hit by Cl0p-Linked Ransomware, $50M Demand
A cybersecurity incident has unfolded, with a ransomware group suspected to be linked to Cl0p making waves. The group has allegedly stolen data from Oracle's E-Business Suite, demanding a hefty ransom of up to $50 million. Oracle has confirmed these attacks, leaving businesses on high alert.
The ransomware group, claiming ties to Cl0p, has been active since at least September 29. They began their campaign by sending emails from compromised third-party accounts, aiming to gain access to Oracle's E-Business Suite. Once inside, they allegedly stole data, providing victims with evidence such as screenshots and file trees to prove their claims.
Oracle has confirmed these attacks, and investigations into affected environments are currently underway. The group is known for its large-scale, stealthy data thefts, which strengthen its position in ransom negotiations. Cl0p itself has been making million-dollar demands in recent days, further raising concerns about the potential impact of this campaign.
The truth behind the allegations remains unclear, with Clop's involvement suspected but not confirmed. At least one company has confirmed the theft of data from its Oracle systems, indicating the seriousness of the situation. As investigations continue, businesses using Oracle's E-Business Suite are urged to enhance their cybersecurity measures to protect against potential threats.
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