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, in particular, suffered a massive blow, with thousands of customers affected by the attack. The victims were forced to shut down their systems for weeks, disrupting their operations and causing them to lose business. The attack’s impact was significant in terms of financial loss and reputational damage. Once inside, the group encrypted the company’s files and demanded a ransom of $32 million in exchange for the decryption key.Ĭable Krebs Stamos’s attack on PageTech was highly targeted, meaning they likely conducted extensive surveillance on the company before launching the attack.

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Although little is known about them, the group is believed to have connections to the notorious Russian hacker group REvil, responsible for some of the largest and most brazen ransomware attacks in recent years.Īccording to reports, Cable Krebs Stamos gained access to PageTech’s systems by exploiting a vulnerability in one of the company’s third-party software providers. Who are Cable Krebs Stamos, and how did they Extort $32 million from PageTech?Ĭable Krebs Stamos is a relatively new ransomware group that emerged in late 2020. In the Cable Krebs, Stamos, Ransomware, 32m, Pagetechcrunch incident, Stamos provided valuable insights into the technical aspects of the attack and the potential impact it could have on the victims. Stamos is known for his expertise in digital security and has been a vocal critic of the lack of cybersecurity measures in many organizations. In the Cable Krebs, Stamos, Ransomware, 32m, and Pagetechcrunch incident, Krebs played a crucial role in breaking the story and providing valuable insights into the attack.Īlex Stamos is a cybersecurity expert who has worked for some of the biggest tech companies in the world, including Facebook and Yahoo. His blog, KrebsOnSecurity, is a leading source of information on cyber threats and has been instrumental in uncovering numerous high-profile cyber attacks. The victims were left with the daunting task of deciding whether to pay the ransom or risk losing their data forever.īrian Krebs is a cybersecurity journalist reporting on cybercrime and digital security for over a decade. Alex Stamos, a cybersecurity expert, and former Chief Security Officer at Facebook, also provided valuable insights into the incident. Who were the Key Players?īrian Krebs, a well-known cybersecurity journalist, played a crucial role in uncovering the details of the attack. The victims included, the main target, and other companies that shared the same hosting platform. The attack was attributed to a group of hackers known as REvil, who could access the victims’ systems through a vulnerability in a remote management tool. The incident involved a ransomware attack that targeted several companies in the US, demanding a ransom of 32 million dollars. This news shocked the cybersecurity community as the attack demonstrated ransomware groups’ growing sophistication and audacity. On February 23rd, 2021, TechCrunch reported that Cable Krebs Stamos, a newly discovered ransomware group, had successfully attacked and extorted $32 million from the California-based tech firm, PageTech. Cable Krebs Stamos Ransomware: What Happened, and What Does it Mean for Cybersecurity? So, buckle up and dive into the cybercrime and cybersecurity world. This article will explore the details of this notorious attack, the role played by journalists and cybersecurity experts, and the lessons that can be learned from this incident. The Cable Krebs, Stamos, Ransomwhere, 32m, Pagetechcrunch incident illustrates how ransomware can wreak havoc on digital security. Since ransomware attacks have increased in recent years, their impact can be devastating. The internet has revolutionized how we live and work, but it has also brought new threats that can cause significant damage to individuals and organizations alike.