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Pendragon $60mil ransom demand

Updated on 2022-10-30: Pendragon being held to $60M ransom by dark web hackers

Pendragon, one of the U.K.’s largest car dealerships, said it was hit by the LockBit 3.0 ransomware gang, which demanded $60 million. CarDealer magazine said the incident began earlier in October. Pendragon has 160 showrooms around the U.K. In a tweet, @campuscodi says it’s one of the biggest demands seen, which may be because LockBit 3.0 knows about a shareholder letter that said Pendragon received an “unsolicited proposal” to be acquired. Read more: Pendragon being held to $60m ransom by dark web hackers

Overview: $60mil ransom demand

Pendragon, one of the UK’s largest car dealerships, said it was hacked and held for ransom by the LockBit ransomware gang, which requested a whopping $60 million to decrypt the company’s files—one of the largest ransomware demands ever reported. Read more: Pendragon being held to $60m ransom by dark web hackers

Alex Lim is a certified IT Technical Support Architect with over 15 years of experience in designing, implementing, and troubleshooting complex IT systems and networks. He has worked for leading IT companies, such as Microsoft, IBM, and Cisco, providing technical support and solutions to clients across various industries and sectors. Alex has a bachelor’s degree in computer science from the National University of Singapore and a master’s degree in information security from the Massachusetts Institute of Technology. He is also the author of several best-selling books on IT technical support, such as The IT Technical Support Handbook and Troubleshooting IT Systems and Networks. Alex lives in Bandar, Johore, Malaysia with his wife and two chilrdren. You can reach him at [email protected] or follow him on Website | Twitter | Facebook

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