APPLE TARGETED IN $50 MILLION RANSOMWARE ATTACK

A ransomware group has timed its attack on an Apple supplier to coincide with the tech group’s annual spring unveiling event.

While Apple unveiled new iPad Pros, a redesigned iMac and the long-awaited AirTags, a group of hackers that call themselves REvil said they’ve stolen Apple blueprints. They have threatened to publish the documents for everyone to see, unless the tech giant pays a ransom of $50 million.

The manufacturing company that’s been targeted in the attack is based in Taiwan. Quanta was the victim of the theft of a trove of engineering and manufacturing schematics of current and future products, reports The Verge.

The Record reported that REvil has disclosed their team is negotiating the sale of large quantities of confidential drawings and gigabytes of personal data with several major brands.

“We recommend that Apple buy back the available data by May 1”, the group said.

So far, Apple hasn’t commented on the matter.

Watch the Financial News video below for more on the Apple ransomware attack.

Image credit: The Verge