Managed.com Hosting Provider Hit by REvil Ransomware, $500K Ransom Demand

Managed hosting provider Managed.com has temporarily taken down all its servers and web hosting systems offline including clients' websites in response to a REvil ransomware attack that compromised public-facing web hosting systems. 

 

The threat actors behind the security incident that took place on Monday, 16th November are not known yet, however, the company said that it is involved with law enforcement agencies to investigate the matter and restore the services as securely as possible. As of now, it remains unclear if the attackers have stolen any data before the encryption of devices. 

 

Initially, the web hosting service refrained from revealing any details about the incident and posted an update claiming 'unscheduled maintenance' as the reason for the service interruption. However, later on, the company disclosed that it had encountered a ransomware attack that affected their systems and files containing critical data. 

 

In a status update, Managed.com said, "November 17, 2020 – On Nov.16, the Managed.com environment was attacked by a coordinated ransomware campaign. To ensure the integrity of our customers’ data, the limited number of impacted sites were immediately taken offline. Upon further investigation and out of an abundance of caution, we took down our entire system to ensure further customer sites were not compromised. Our Technology and Information Security teams are working diligently to eliminate the threat and restore our customers to full capacity. Our first priority is the safety and security of your data. We are working directly with law enforcement agencies to identify the entities involved in this attack. As more information is available, we will communicate directly with you." 

 

"Upon further investigation and out of an abundance of caution, we took down our entire system to ensure further customer sites were not compromised. Our Technology and Information Security teams are working diligently to eliminate the threat and restore our customers to full capacity. Our first priority is the safety and security of your data. We are working directly with law enforcement agencies to identify the entities involved in this attack,” the service further told in a statement. 

 

According to multiple sources, REvil, a ransomware-as-a-service infamously known for carrying out large attacks previously has demanded a $500,000 ransom in Monero to receive a decryption key. REvil has attacked big names like Kenneth Cole, Travelex, Brown-Forman, GSMLaw and SeaChange in the past.

Also known as Sodinokibi ransomware, REvil was first spotted in April 2019, it attacks Windows PCs to encrypt all the files on local drives (besides those enlisted in their configuration file) and leaves a ransom note on affected systems with instructions to get the files decrypted in turn of the demanded ransom.

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