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Kaseya hackers demand $70 million in massive ransomware attack

Russian hackers suspected in this weekend's mass attack on software company Kaseya, which could affect thousands of companies worldwide, demanded $70 million to restore data they are holding for ransom, Reuters reports.

Why it matters: The hack is the latest and most dramatic in a series of high-profile ransomware attacks this year, exposing the pandemic-style threat that this type of cybercrime poses to companies and governments around the world.

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