Hacker Gang Holds Amazon’s Ring to Ransom

According to reports, the ransomware gang, known as ‘Grief,’ gained access to Ring’s systems through a vulnerability in the company’s app. The gang then demanded a ransom of $50 million, threatening to release data on Ring’s customers if the company did not comply.

The ring has stated that it will not pay the ransom, and has instead launched an investigation into the attack. The company has also said that it is working with law enforcement to identify and prosecute the perpetrators.

The attack on Ring is just the latest in a series of high-profile cyber attacks that have targeted companies and organizations around the world. These attacks are becoming increasingly sophisticated, and are often carried out by organized criminal groups.

One of the reasons that cyber attacks are becoming more common is that companies are not doing enough to protect themselves. Many companies still use outdated software and security systems, which are vulnerable to attack. In addition, many companies are not investing enough in cybersecurity, either because they do not see it as a priority or because they do not have the resources to do so.

In the case of Ring, the company has come under fire for its lack of transparency and its use of third-party trackers in its

[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.