Pharmaceutical Giant Pays Massive $75 Million Ransom in Bitcoin After Devastating Cyberattack
CryptoNewsTerminal Staff18 Sep, 2024
Pharmaceutical Giant Pays Massive $75 Million Ransom in Bitcoin After Devastating Cyberattack
Pharmaceutical giant Cencora has reportedly paid a staggering $75 million in Bitcoin (BTC) to hackers responsible for a crippling ransomware attack. According to Bloomberg, the hefty ransom was paid in three separate installments, making it one of the largest publicly disclosed ransom payments to date. The attack, attributed to the infamous Dark Angels hacker group, occurred in March and left Cencora's systems paralyzed. The cybercriminals demanded a substantial ransom in exchange for decrypting the stolen data and restoring access to the company's network. Cencora's decision to pay the ransom has sparked mixed reactions. While some experts believe it was necessary to protect sensitive patient data and resume operations, others express concern that such large payments encourage future cyberattacks. The incident highlights the escalating threat of ransomware attacks and the need for businesses and individuals to strengthen their cybersecurity measures.
