Media Markt suffers an attack by Hive ransomware

Media Markt suffers an attack by Hive ransomware

Electronics retail giant MediaMarkt has suffered a Hive ransomware with an initial ransom demand of $240 million, causing IT systems to shut down and store operations to be disrupted in Netherlands and Germany.

MediaMarkt employees were told not to use the computers in the stores. They have become the victim of a cyber-attack. The staff is asked to disconnect the cash registers from the Internet and not to restart the systems.

While it is not clear if unencrypted data has been stolen as part of the attack, Hive ransomware is known to steal files and publish them on their ‘HiveLeaks’ data leak site if a ransom is not paid.

According to a published statement from Media Markt:

“The MediaMarktSaturn Retail Group and its national organizations became the target of a cyberattack. The company immediately informed the relevant authorities and is working at full speed to identify the affected systems and repair any damage caused as quickly as possible. In the stationary stores, there may currently be limited access to some services. MediaMarktSaturn continues to be available to its customers via all sales channels and is working intensively to ensure that all services will be available again without restriction as soon as possible. The company will provide information on further developments on the topic. – MediaMarkt.”

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