IT solutions firm Kaseya has debunked rumours that it paid a $70 million ransom to perpetrators of the cyberattack on its system earlier this month in exchange for a decryption tool.
“While each company must make its own decision on whether to pay the ransom, Kaseya decided after consultation with experts to not negotiate with the criminals who perpetrated this attack and we have not wavered from that commitment.
“As such, we are confirming in no uncertain terms that Kaseya did not pay a ransom – either directly or indirectly through a third party – to obtain the decryptor.” a recent statement on the VSA security incident read.
A ransomware assault by REvil knocked down Kaseya’s VSA supply chain affecting thousands of businesses across different countries.
The IT software provider has since been working closely with Emisoft to find a way to crack and recover data that was encrypted by the criminal ransomware gang. So far, Kaseya claims that the decoding tool has been effective.
“The decryption tool has proven 100% effective at decrypting files that were fully encrypted in the attack.”
CNN reported last Friday that Kaseya is demanding that businesses sign a non-disclosure agreement before they are given access to the decryption tool.
NEXT POST: Installation of Crypto ATMs Skyrockets