Industry News

Attackers Demand $7.5 Million in Monero after Hacking Argentine Telco

Telecom corporate building in Puerto Madero Credits: FlorM2019 (Wikimedia Commons archive)

Argentina’s largest telecom was recently hit by ransomware, with the attackers demanding a huge ransom, and setting a deadline for today.

Telecom, a leading operator in the country, is being held for ransom by an unknown group of hackers, reports. The operators, presumed to be the infamous REvil group, demand $7.5 million in Monero, a hard-to-trace crypto currency.

Several Twitter users who apparently caught wind of the incident early shared screen grabs of Telecom’s internal messaging about the hack. One user even obtained the ransom notes, which not only instruct Telecom how to make the payment and receive the decryptor, but also how to buy Monero.

The good news is the company’s systems are still firing on all cylinders. The bad news is the ransomware infection reached terminals holding sensitive data, the report says. In recent times, ransomware operators have typically leveraged the sensitivity of the data to press victims to pay, threatening either to delete the data or to make it public.

The attackers reportedly plan to double their ransom demand if Telecom fails to pay by the end of today.

About the author


Filip is an experienced writer with over a decade of practice in the technology realm. He has covered a wide range of topics in such industries as gaming, software, hardware and cyber-security, and has worked in various B2B and B2C marketing roles. Filip currently serves as Information Security Analyst with Bitdefender.