Conti ransomware attack demands $14 million from industrial IoT firm Advantech

Ransomware encrypts internal network, and data stolen 2% of stolen data published by attackers on dark web The world’s largest maker of industrial computers, Taiwan’s Advantech, has reportedly been hit by a ransomware attack – with cybercriminals demanding a ransom worth approximately US $14 million for a decryption key, and to prevent the public leaking of stolen data. According to local media reports, Advantech identified earlier this month that its internal network had been compromised by hackers, and although action was taken to stem the spread of the attack it was not enough to prevent the theft of data and the encryption of some databases.

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