Russia-linked hackers presumed in this weekends mass attack on software company Kaseya, which could affect thousands of business worldwide, required $70 million to bring back information they are holding for ransom, Reuters reports.Why it matters: The hack is the newest and most remarkable in a series of high-profile ransomware attacks this year, exposing the pandemic-style hazard that this type of cybercrime poses to business and governments around the world.Details: Hundreds of business were straight struck by the supply-chain attack on Kesayas VSA software application, which supplies IT services to medium-sized and small companies, according to CNET. At least 36,000 companies were indirectly impacted.The Coop, one of Swedens largest grocery chains, had to close 800 of its shops, according to the New York Times.Kaseya said in a Sunday night update that its executive committee will meet Monday early morning “with an objective of beginning the remediation procedure to bring our datacenters online by end of day on July 5,” though it cautioned that this timeline might change.What theyre saying: “This is without a doubt going to turn out to be the greatest most damaging ransomware campaign that weve seen so far,” tweeted Dmitri Alperovitch, co-founder of cybersecurity company Crowdstrike.” Our thought bubble: Coming simply two weeks after President Bidens personal caution to Vladimir Putin throughout the Geneva summit, the attack looks like the Russians thumbing their nose at the hard talk.

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