Hackers threaten to leak stolen Reddit data if company doesn't pay $4.5 million and change controversial pricing policy | CNN Business

Hackers from the BlackCat ransomware gang, also known as ALPHV, are threatening to leak 80 gigabytes of confidential data from Reddit that they claim to have stolen during a February breach, according to a post from the group on the dark web, which was reviewed by CNN and an independent cybersecurity expert. In their post, the hackers claim they first demanded a $4.5 million payout “for the deletion of the data and our silence” in April.

A Reddit spokesperson confirmed to CNN on Monday that BlackCat’s post relates to the February incident. The spokesperson reiterated that no user data was accessed, but declined to comment beyond that. More than 6,000 Reddit forums went dark last Monday in what was supposed to be a two-day protest over the company’s plan to begin charging steep fees for some third party apps to access its platform. A week later, more than 3,500 Reddit forums remain dark.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What the potential UPS strike could mean for your packages | CNN BusinessA UPS strike by 185,000 workers 25 years ago brought the logistics giant’s operations to a standstill. How bad could another one be for US retailers?
Source: CNN - 🏆 4. / 95 Read more »

What is open on Juneteenth 2023? | CNN BusinessMore employers than ever are observing Juneteenth, which commemorates the end of slavery in the US. Here is what’s open and what's closed on Monday.
Source: CNN - 🏆 4. / 95 Read more »

Binance, SEC reach agreement to keep US customer assets in country | CNN BusinessBinance and the US Securities and Exchange Commission reached an agreement to avoid a full asset freeze of the platform in the US and keep customer assets in the United States, after a US district judge signed off on a consent order filed Saturday.
Source: CNN - 🏆 4. / 95 Read more »