Home Politics Saudi Aramco confirms data leak after reports of cyber ransom | Business...

Saudi Aramco confirms data leak after reports of cyber ransom | Business and Economy News


The world’s most valuable oil producer said files were leaked on the heels of reports that hackers demanded a $50m ransom.

Saudi Aramco confirmed that some company files were leaked after hackers reportedly demanded a $50 million ransom from the world’s most-valuable oil producer.

“Aramco recently became aware of the indirect release of a limited amount of company data which was held by third-party contractors,” the Middle Eastern oil major said Wednesday in an email. “We confirm that the release of data was not due to a breach of our systems, has no impact on our operations, and the company continues to maintain a robust cybersecurity posture.”

The Associated Press reported earlier that 1 terabyte of Saudi Arabian Oil Co. data had been held by an extortionist, citing a web page it had accessed on the darknet. The state-owned driller was offered the chance to have the data deleted for $50 million in cryptocurrency, the AP said.

The global energy industry has seen a ramp up in cyber attacks with Colonial Pipeline becoming the most visible of late. The oil and gas industry, which includes the companies that own wells, pipelines and refineries, has long been a laggard in security spending, according to consultants.

In 2012, Saudi Arabia blamed unidentified people based outside the kingdom for a hack against the oil giant that aimed to disrupt production from the world’s largest exporter of crude. The so-called “spear-phishing” assault destroyed more than 30,000 computers within hours. A spokesman for the Interior Ministry declined at the time to identify any of the “several foreign countries” from which the attack originated.

The Middle East has previously been a magnet for some of the world’s costliest hacks, PricewaterhouseCoopers LLP said in a 2016 report.

Energy companies from electric utilities, to power-grid operators to pipeline operators have warned that cyberattacks are becoming more and more prevalent. The largest U.S. power grid operator, PJM Interconnection LLC, has warned regulators that it’s facing increasing attacks.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Israel to offer COVID booster shots for over 60s: PM | Coronavirus pandemic News

Those eligible will be able to get the booster shot as long as they received their second dose more than five months ago.Israel will begin...

Robinhood shares slide after lacklustre Nasdaq debut | Financial Markets News

The popular trading app’s muted debut on the Nasdaq Composite Index comes months after it was caught in a confrontation between a new...

US GDP grew by 6.5 percent in Q2, well below expectations | Banks News

Supply-chain constraints and labour shortages continue to temper US economic growth. The United States economy grew substantially in the second quarter but still fell...

Ride-hailing app Didi’s shares surge on report it may go private | Financial Markets News

Bloomberg News previously reported that Chinese regulators were considering serious, perhaps unprecedented, penalties for Didi, including forcing it to delist.Didi Global Inc. surged after...

Recent Comments