Executives hit in data breach

Hackers demand up to $50m ransom

- PATRICK HOWELL O'NEILL MARGI MURPHY

A person walks by Oracle headquarters in Redwood Shores, California, last year.

(AFP)

Executives and technology departments at large organisations are being extorted by a notorious ransomware group that claims to have stolen their data from a suite of popular Oracle Corp applications.

A group of hackers claimed to have breached Oracle’s E-Business Suite, which runs core operations including financial, supply chain and customer relationship management. In one case, they demanded a ransom of up to $50 million, according to cybersecurity firm Halcyon, which is currently responding to the campaign. The group, which claims to be affiliated with a criminal outfit called Cl0p, has provided proof of compromise to victims including screenshots and file trees.