News and Updates on Information Technology

Electronics retailer MediaMarkt suffered a ransomware attack

Exploit: Ransomware

Media Markt: Electronics Retailer

cybersecurity news represented by agauge showing severe risk

Risk to Business: 1.512= Severe

Electronics retailer MediaMarkt has suffered a ransomware attack that caused the company to shut down some IT systems, impacting store operations in Netherlands and Germany. While cash registers and payment card systems in brick-and-mortar locations were disrupted, online sales were not impacted. The attack was purportedly carried out by the Hive ransomware outfit who initially demanded $240 million in ransom.

Individual Impact: No consumer PII or financial data exposure was disclosed in this incident as of press time.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business Operational disruption from a ransomware attack is just as likely as data theft and sometimes even more damaging.

Source: Bleeping Computer