Hackers Attack Laptop Manufacturer Compal, Demands 1100 Bitcoin Ransom

Taiwanese laptop manufacturer Compal fell victim to a ransomware attack over the weekend. The hackers are now demanding 1,100 Bitcoin ransom.

November 10, 2020 | AtoZ Markets –  The Taiwanese laptop manufacturer Compal Electronics has fallen victim to the DoppelPaymer ransomware virus. For decrypting the files, the hackers demanded 1,100 BTC (almost $17 million at the time of writing), according to Bleeping Computer.

Compal hit by ransomware

Compal, which produces laptops for companies including Apple, Acer, Dell, and Toshiba, came under attack over the weekend. Initially, the company announced problems in the operation of office information systems and its suspicions that the reason for this was a hacker attack.

As Bleeping Computer later found out, Compal fell victim to the DoppelPaymer malware known to attack corporate networks by gaining access to administrator rights and using them to spread on Windows networks.

Earlier, DoppelPaymer attacked the Mexican oil company Pemex. The hackers later demanded a 100 BTC ransom for decrypting files of municipal sites and services of the city of Torrance.

According to Group-IB experts, DoppelPaymer was among the top three most aggressive and greedy encryptors in 2019.

Ransomware attacks on the rise

Ransomware attacks all around the world have increased since crypto adoption has increased globally. For example, the government of Singapore revealed in June that there was a surge in ransomware attacks that occurred in 2019 in the country.

As AtoZ Markets reported in July, the largest telecommunications company in Argentina suffered a ransomware hack. The hackers demanded a Monero ransom worth $7.5 million.

Read also: Chilean Bank BancoEstado Shuts Down Operations Following Ransomware Attack

Moreover, the Cybersecurity and Infrastructure Protection Agency (CISA), the FBI, and the US Department of Health and Human Services (HHS) have warned US healthcare facilities of the “growing and imminent threat” of Trickbot ransomware attacks.

What you can do to protect yourself

Anyone who regularly updates their computer system and who practices even the bare minimum of computer security has very little to fear. The main targets of malware are PC users, with Mac users now a close second. Linux users cannot rest easy either, although they are the least at risk from malware.

What do you think of the surge in Ransomeware attacks? Let us know what you think in the comments.

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