K-Electric, Pakistan’s biggest power producer has recently suffered a huge ransomware attack, earlier this week. The hackers are now demanding a ransom of $7 million in Bitcoin to restore the services of the firm. After the attack, the firm has been facing some major disruptions in its billing and online payments services. The firm discovered this attack on September 07 however, the electricity supply remains unaffected.
Hackers used NetWalker attack on K-Electric
According to the report, it is revealed that the hackers have utilized the “NetWalker attack in order to infect K-Electric. This virus was discovered back in 2019 which is meant to infect popular applications which are running on Microsoft Windows. It simply encrypts the complete data on the victim’s device and disables the access in order to extract ransom from the victim.
A similar thing has happened to K-Electric as well as after infecting the firm the hackers have demanded a $3.8 million ransom Initially. Along with this, it is also mentioned that if the firm is unable to pay $3.8 million in Bitcoin till September 15, the price will be increased to $7.7 million.
Hackers stole unencrypted files even before the attack
Along with all the information, it is also revealed that the hackers have stolen the unencrypted files from K-Electric even before the attack. It is still not specified by the firm what type of data has been stolen. Currently, the firm is collaborating with the local authorities as well as getting in contact with the international information security experts to get assistance in this matter.
Recently, Argentinian border forces have also suffered a similar attack by NetWalker only which was a few days ago. There the hackers have demanded a ransom of $4 million however, the authorities have refused to pay the ransom. At the present time, there has been a subsequent increase in this type of attacks where hackers have attacked enterprises and not individuals.
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