Kia Motors America Victim of Ransomware Attack Demanding $20M in Bitcoin, Report Claims

Blockchain Crypto Market Cryptocurrency
February 18, 2021 by CoinSurges
BleepingComputer claims to have evidence that the ransomware gang DoppelPaymer is demanding 404 BTC from the car firm.

Kia Motors America has reportedly fallen victim to a ransomware attack demanding more than $20 million-worth of bitcoin.

  • The ransomware group DoppelPaymer is demanding 404.5833 BTC (currently valued at $20,844,336) to pay for a decryption tool or stolen data will be shared to the public, BleepingComputer reported Wednesday.
  • This amount demanded would rise to 600 bitcoins (over $30 million) if not paid within 10 days.
  • Kia Motors America is suffering a severe IT outage taking its website, phone services and web systems offline.
  • BleepingComputer said it had “obtained a ransom note that we were told was created during an alleged Kia Motors America cyberattack by the DoppelPaymer gang.”
  • The auto firm later told BleepingComputer that it has no evidence that it has suffered a ransomware attack.
  • It isn’t clear what data the group might have stolen, per the report.

See also: US Government Takes Aim at NetWalker Ransomware Attacks

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