[Oni]

Ransomware group is demanding $50 million from Apple, or they will sell their data/schematics to the highest bidder. Competing phone/laptop brands could potentially make a large profit off of that information.

On the day Apple was set to announce a slew of new products at its Spring Loaded event, a leak appeared from an unexpected quarter. The notorious ransomware gang REvil said they had stolen data and schematics from Apple supplier Quanta Computer about unreleased products and that they would sell the data to the highest bidder if they didn’t get a $50 million payment. As proof, they released a cache of documents about upcoming, unreleased MacBook Pros. They've since added iMac schematics to the pile.

The connection to Apple and dramatic timing generated buzz about the attack. But it also reflects the confluence of a number of disturbing trends in ransomware. After years of refining their mass data encryption techniques to lock victims out of their own systems, criminal gangs are increasingly focusing on data theft and extortion as the centerpiece of their attacks—and making eye-popping demands in the process.

“Our team is negotiating the sale of large quantities of confidential drawings and gigabytes of personal data with several major brands,” REvil wrote in its post of the stolen data. “We recommend that Apple buy back the available data by May 1.”

Read More: https://arstechnica.com/information-tech...extortion/

[Namico]

I'm laughing about this one. They won't give them shit.

[mothered]

Ransomware group is demanding $50 million from Apple, or they will sell their data/schematics to the highest bidder.

If Apple complies, who's to say they won't sell the data after payment Is received?

[laininthewired]

Huawei is most definitely rubbing their hands on this one right now.

[Jiggly]

Ransomware group is demanding $50 million from Apple, or they will sell their data/schematics to the highest bidder.

If Apple complies, who's to say they won't sell the data after payment Is received?

Exactly, or ask Apple for more money.

[Oni]

Ransomware group is demanding $50 million from Apple, or they will sell their data/schematics to the highest bidder.

If Apple complies, who's to say they won't sell the data after payment Is received?

Double-dipping at its finest.