Acer Reportedly Hit By $50 Million Ransomware Attack

Acer has been hit with a $50 million ransomware demand, according to news reports. This appears to be one of the biggest ransomware demands to date, BleepingComputer reports.
After inquiries, Acer did not provide a definitive answer if they had suffered a REvil ransomware attack.

A Cloud Hosting Firm – iNSYNQ Hit In MegaCortex Ransomware Attack

Recently in mid of July 2019, a ransomware outbreak that hit iNSYNQ, a QuickBooks cloud hosting firm. This cyberattack appears to have started with an email phishing that trapped an employee working in sales for the company.

It is further said that interlopers have been in the internal networks of iNSYNQ for roughly ten days before releasing Ransomware.