Garmin Paid a Multi-Million Dollar Ransom to Hackers After Cyberattack: Report

The cyberattack was reportedly developed by individuals who have links to Evil Corp.

By Tanishka Sodhi | Updated: 4 August 2020 16:03 IST

Garmin Paid a Multi-Million Dollar Ransom to Hackers After Cyberattack: Report

Garmin paid a multi-million-dollar ransom to hackers who encrypted its data

Highlights

Garmin paid a multi-million-dollar ransom to hackers
Cyberattack was reportedly developed by individuals linked to Evil Corp
The attack had affected all Garmin devices globally

Smartwatch maker Garmin paid a multi-million-dollar ransom to hackers who encrypted its data, according to a report. This news comes almost two weeks after Garmin was the victim of a ransomware attack that affected its devices globally. In ransomware attacks, hackers encrypt a company's files until a ransom is paid. Security sources say that the cyberattack was developed by individuals who have links to Evil Corp, a cyber group in Russia which was sanctioned by the US Government last year.

As per a report by Sky News, Garmin did not directly pay the ransomware to the hackers. Instead, it hired Arete IR for its ransomware negotiation services to make the multi-million dollar ransom payment. The US government had sanctioned Evil Corp in December, saying that US persons were prohibited from engaging in transactions with the 17 individuals and seven business entities linked to Evil Corp, even in the case of extortion.

Arete IR, however, said that it believed WastedLocker, a ransomware virus associated with the attack, was not conclusively the work of Evil Corp.

[Sponsored] Samsung Galaxy S24: The Ultimate Camera Phone With Smarter On-Device AI

According to the report, Garmin initially wanted to pay the ransom using a firm that specialised in dealing with such incidents, but couldn't as the firm did not want the risk of going against the sanctions imposed by the US government. Garmin then sought the services of Arete IR, according to whom links between the WastedLocker ransomware and sanctioned individuals had not been proven.

So far, the US government has not yet made a public attribution linking Evil Crops to WastedLocker. As media reports started emerging naming WastedLocker as the ransomware virus used to target Garmin, Arete put out a report on twitter that claimed that the theory linking Wastedlocker to Evil Corp was inconclusive.

Garmin Fitness Tracking Service Suffers Global Outage, Frustrating Users

Garmin services faced a major outrage globally due to the ransomware attack that took place on July 23. Garmin devices were affected globally, along with the company's call centre and support group. While Garmin had acknowledged being a victim of the cyberattack, it did not specify that it was the target of a ransomware attack as well.

Is Nord the iPhone SE of the OnePlus world? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.