Garmin reportedly paid millions in ransom for cyberattack | Malay Mail

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OLATHE, Aug 5 — Garmin's database suffered a ransomware attack — a common form of cyberattack — on July 23, leading to many of the fitness tech company's services going offline. The only way to recuperate the data was to obtain the decryption key, held by the hackers and the subject of costly...

The number of cyberattacks targeting companies has significantly increased over the last few months. — Matej Moderc/Istock.com pic via AFP

The only way to recuperate the data was to obtain the decryption key, held by the hackers and the subject of costly negotiations. And according to documents obtained by Bleeping Computer, the company acquiesced to the payment.

 

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