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Stock impact report

Ransomware Gang Demands $125,000 Payment In French Bread And Crypto [Forbes]

SCHNEIDER ELEC UNSP/ADR (SBGSY) 
Company Research Source: Forbes
Yet I admit to being caught a wee bit off guard when a new ransomware player opted to ask a victim for payment in French bread. But don't be fooled by the apparent humor, the Hellcat crime group is deadly serious and wants $125,000 in the cryptocurrency Monero as well. There's not much to laugh at in this story, when it comes down to it. Here's what is known so far. The Hellcat Ransomware Crime Group Little is known about the new ransomware crime group calling itself Hellcat, other than it has a spokesperson called Grep. It was this spokesperson who first claimed that the French multinational, Schneider Electric, had been compromised by the group and demanded the ridiculous baguette ransom payment. The breach appears to have been of one of the Schneider Electric developer servers, with as much as 40GB of archived data exfiltrated by the attackers. A posting to the Hellcat leak site, a model used by most every ransomware group to threaten victims and leverage payment before a s Show less Read more
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