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    Reward Offered by US Authorities for Info on Clop Ransomware Reaches $10 Million

    The current cybersecurity crisis faced by the US government is becoming more severe as the aftermath of a significant breach unfolds.

    Cybercriminals have exploited a security loophole in the widely-used file transfer application MOVEit Transfer to launch a persistent attack with the well-known Clop ransomware.

    This breach has impacted not only numerous governmental bodies but also poses a potential threat to countless businesses and organizations nationwide, as estimated by private analysts.

    As the situation develops, urgent actions are being implemented to lessen the consequences and prevent further harm.

    MOVEit Vulnerability Exposes Sensitive Information

    In the midst of the global cyber onslaught on the popular file-sharing tool MOVEit Transfer, two departments within the Department of Energy (DOE) have fallen victim to data compromise.

    Recognizing the seriousness of the breach, the DOE promptly enacted measures to control the vulnerability and promptly notified the Cybersecurity and Infrastructure Security Agency (CISA), Congress, law enforcement bodies, and the impacted entities.

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    Collaborative initiatives are now in progress to thoroughly investigate the incident and reduce the potential repercussions stemming from this security breach.

    Act of Clop Ransomware Group’s Aggression

    Operating under the name of the notorious Clop ransomware group, the culprits behind this bold attack have a history of demanding high ransoms.

    However, it is worth noting that no ransom demands have been received by federal agencies so far, as per a briefing from a senior official.

    Exploiting the vulnerability in MOVEit Transfer, the hackers have displayed impressive opportunism in infiltrating multiple networks.

    As part of their cunning strategy, Clop has resorted to using a data leak website to pressure businesses into paying ransoms, openly threatening to release compromised data if their demands are not met.

    Swift US Government Response

    In a bid to counter the escalating menace posed by Clop ransomware attacks and uncover potential involvement of foreign governments, the US State Department’s Rewards for Justice program has proclaimed a significant $10 million reward.

    This substantial amount serves as an incentive for individuals to deliver crucial details linking these cyber assaults to the responsible parties.

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    By leveraging the program’s structure, the US government aims to safeguard national security interests and motivate the public to offer valuable insights on ongoing threats and attacks.

    Thank you for being a Ghacks reader. The post regarding the US government offering a $10 million reward for information on the Clop ransomware first appeared on gHacks Technology News.

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