reported that Garmin had been targeted by Wastedlocker, a specific ransomware virus that is attributed to a Russia-based hacking group called Evil Corp, and that the group had demanded $10 million for the files.last year following its cyber heist of more than $100 million from banks around the world, Garmin risked running afoul of the sanctions and incurring fines by paying the ransom.
The first cybersecurity company Garmin asked to help it pay the ransom turned down the job, citing the sanctions as its reason for refusing to provide its services in cases involving Wastedlocker, Sky News reported. Garmin then turned to another firm, Arete IR, which doesn't believe Evil Corp is necessarily behind Wastedlocker and ultimately worked with the company to help it pay the ransom, according to Sky News.
As media reports circulated last month naming Wastedlocker as the ransomware used against Garmin, Arete it had published that claimed security research linking the ransomware to Evil Corp was "not conclusive."NewsletterSomething is loading.By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our
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africaupdates CyberSecurity sector failing their corporate clients. Out smart Putin and Kim Jong un's Ransomware hackers IBMSecurity Sophos KnowBe4 Cisco Microsoft
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