Cyberattack Affects > 18,000 Workstations at Telecom Argentina.

On July 18, top Argentinian telecom provider Telecom Argentina announced that it was the target of a ransomware attack. The effects of the attack were first noticed when the Telecom’s employees started facing issues and lag in their systems while accessing the company’s VPN (virtual private network). The internal security systems instantly set-off the alarms but not before the ransomware was installed in over 18,000 workstations.

The attackers demanded nearly $7.5 million, threatening to raise the ransom to $15 million if they weren’t compensated within three days. Telecom Argentina confirmed that none of its dependent services were affected.

Estimated Cost

> 18,000 workstations encrypted, $7.5M ransom demanded

Threat Source

Impacts

IT