Numlock News: July 7, 2021 • Shrinkflation, Iceland, Great Salt Lake
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By Walt Hickey Shakedowns As any start-up or entrepreneur will tell you, one of the hardest things to scale in any rapidly growing business is customer service, which may struggle to keep pace with technical or commercial advances. Anyway, that’s probably happening the REvil ransomware gang, which claimed it hacked 800 to 1,500 corporate customers of software company Kaseya. Initially, they demanded ransoms of $50,000 per victim to unlock the data. That doesn’t seem to have worked, so Sunday they announced they wanted $70 million from all the victims, a substantial price cut compared to what they’d earn ransom by ransom. A few hours later, they dropped it after virtually no negotiation to
Numlock News: July 7, 2021 • Shrinkflation, Iceland, Great Salt Lake
Numlock News: July 7, 2021 • Shrinkflation…
Numlock News: July 7, 2021 • Shrinkflation, Iceland, Great Salt Lake
By Walt Hickey Shakedowns As any start-up or entrepreneur will tell you, one of the hardest things to scale in any rapidly growing business is customer service, which may struggle to keep pace with technical or commercial advances. Anyway, that’s probably happening the REvil ransomware gang, which claimed it hacked 800 to 1,500 corporate customers of software company Kaseya. Initially, they demanded ransoms of $50,000 per victim to unlock the data. That doesn’t seem to have worked, so Sunday they announced they wanted $70 million from all the victims, a substantial price cut compared to what they’d earn ransom by ransom. A few hours later, they dropped it after virtually no negotiation to