AI-Generated Summary

Google has issued a warning regarding an active extortion campaign by the Cl0p ransomware group, which claims to have breached Oracle's E-Business Suite, a critical corporate software. Attackers are demanding ransoms up to $50 million after allegedly stealing sensitive data and are sending proof of intrusion via hijacked third-party emails. This campaign highlights the persistent threat posed by Cl0p, following their previous exploitation of MOVEit software.

In a nutshell

This incident underscores the critical importance for organizations to rigorously secure widely-used enterprise applications like Oracle E-Business Suite against persistent and evolving ransomware threats. It emphasizes the need for robust incident response plans and continuous monitoring for potential exploitation of both known vulnerabilities and configuration weaknesses.

Source: Livemint