Software AG Data Released After Clop Ransomware Strike – Report

Clop and the group’s signature malware has struck again — this time hitting a giant target in the form of German software conglomerate Software AG. The company isn’t paying a mammoth $23 million ransom (so far), and over the weekend it confirmed that the crooks were releasing company data, according to reports.

The Clop ransomware cybercriminals were able to infiltrate the company’s systems in early October. The company released a statement on October 5 publicly announcing the attack, adding, “While services to its customers, including its cloud-based services, remain unaffected, as a result, Software AG has shut down the internal systems in a controlled manner in accordance with the company’s internal security regulations,” the statement read.

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Source: ThreatPost