BitOne Capital | Ransomware hacking group REvil brought the networks of at least 200 U.S. companies to their knees on Friday and is now demanding $70 million in bitcoin (BTC, +1.23%).

Australia’s ABC News reported on Saturday REvil had targeted software supplier Kaseya and used its network-management package to spread the ransomware via the cloud.
Over 1 million machines are said to be infected according to various other reports.
The Russian-based ransomware group is now demanding the bitcoin in exchange for a decrypter for the infected machines.
On Friday we launched an attack on [managed service providers], a post from the dark web site Happy Blog reads. More than a million systems were infected.
In May, REvil attacked Colonial Pipeline and managed to get the company to pay a $5 million ransom after its functionality and services were restricted, sparking a gas crisis in the U.S.
JBS Holdings, the world’s largest meat company by sales, also paid an $11 million ransom in a May 30 attack against it by the same group.
During a Friday public appearance, President Biden said that he’d ordered U.S. intelligence agencies to investigate the attack and he would take measures if Russia was behind it.

Ransomware hacking group REvil brought the networks of at least 200 U.S. companies to their knees on Friday and is now demanding $70 million in bitcoin (BTC, +1.23%).