Acer has been hit by a ransomware attack where the hackers are demanding $50 million, the largest known ransom to date, according to Bleeping Computer.
Acer is the fifth largest PC maker in the world in terms of PC shipments during the fourth quarter of 2020.
Hackers have accessed Acer documents that include financial spreadsheets, bank balances and bank communications, reportedly compromising its network via a Microsoft Exchange server vulnerability that has grabbed headlines for the last few days.
The REvil group that carried out a ransomware attack on Travelex last year is believed to be behind the Acer breach as well.
The ransomware gang has announced on their data leak site that they had breached Acer and shared some images of allegedly stolen files as proof.
In conversations between the victim and REvil, which started on March 14, the Acer representative showed shock at the massive $50 million demand, the report mentioned.
Acer said in a statement they have reported recent abnormal situations to authorities.
“Companies like us are under attack, and we have reported recent abnormal situations observed to the relevant law enforcement and data protection authorities in multiple countries, Taiwanese electronics and computer maker said.
Acer added that there is an ongoing investigation and it is unable to comment on details for the sake of security.
REvil’s $50 million demand is the largest known ransom to date, with the previous being the $30 million ransom from the Dairy Farm cyberattack, also by the same hacking group.