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Attackers demand $30 million ransom from car auction company in ransomware attack

In March 2020, Manheim Auctions, a car auction company in Australia, revealed that its database was affected by a ransomware attack. The hackers are demanding $30 million in ransom for the decryption keys.  

What happened

The incident reportedly took place on February 14th, 2020, when the malware denied employees’ access to its computer systems. However, no personal data of its users has been compromised as part of the attack. The cybersecurity experts from Manheim Auctions’ parent company in America, Cox Automotive, are now working to restore the services and are currently developing a new website. 

Western Australian’s Consumer Protection agency is backing Manheim’s decision to not pay ransom to the attackers. The Facebook page of Manheim says that the website access has been restricted; they have also notified users that a few upcoming auctions will be canceled until further notice.

Ransomware attacks can be costly. Invest in a tool like ManageEngine DataSecurity Plus to secure data and mitigate ransomware attacks. Download a 30-day, free trial of DataSecurity Plus today.

How ManageEngine can help.

Investing in a ransomware detection tool helps you detect and respond to ransomware attacks in real time to minimize the impact on your organization. Here are some best practices DataSecurity Plus can help you implement to handle ransomware attacks.

  • Detect ransomware with real-time mass access alerts. Monitor the frequency of file modifications by a user, and issue alerts whenever the number of modifications crosses a threshold within a specified time.
  • Quarantine ransomware and shut down infected devices with a customizable and automated response system. Set automated alert responses through the execution of a batch file to respond to mass access alerts.
  • View in-depth details of events for further investigation. Generate customizable, audit-ready reports on all file-related changes, access attempts, and share permissions.

Learn more about the eight best practices that can help you avoid cyberattacks and protect your organization. Start your free, 30-day trial of DataSecurity Plus today.

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