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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.


Details: Hundreds of companies were directly hit by the supply-chain attack on Kesaya's VSA software, which provides IT services to small and medium-sized businesses, according to CNET. At least 36,000 companies were indirectly impacted.

  • The Coop, one of Sweden's largest grocery chains, had to close 800 of its stores, according to the New York Times.
  • Kaseya said in a Sunday night update that its executive committee will meet Monday morning "with a goal of starting the restoration process to bring our datacenters online by end of day on July 5," though it cautioned that this timeline could change.

What they're saying: "This is without a doubt going to turn out to be the biggest most destructive ransomware campaign that we’ve seen so far," tweeted Dmitri Alperovitch, co-founder of cybersecurity firm Crowdstrike.

  • "Huge number of victims all over the world. Entire networks encrypted. No way to decrypt today without paying millions per network of any significant size."

The latest: The $70 million ransomware demand was posted to a dark-web blog typically used by REvil, the Russia-linked cybercrime gang behind the attack that crippled the U.S. operations of meat processor JBS.

  • The White House said in a statement Sunday that President Biden has "directed the full resources of the government to investigate this incident," and urged businesses to adopt recommendations released last month to shore up their cyber defenses.
  • The FBI asked businesses to report whether their systems have been compromised, but cautioned that it may not be able to respond to each victim individually "[d]ue to the potential scale of this incident."

Our thought bubble: Coming just two weeks after President Biden's personal warning to Vladimir Putin during the Geneva summit, the attack looks like the Russians thumbing their nose at the tough talk.

  • "The initial thinking was it was not the Russian government but we're not sure yet," Biden told reporters on Saturday. "If it is either with the knowledge of and/or a consequence of Russia then I told Putin we will respond."

Go deeper: The ransomware pandemic

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Pentagon confirms explosion outside Kabul airport

The Pentagon confirmed Thursday that there was an explosion outside the Hamid Karzai International Airport in Kabul on Thursday.

The big picture: "Casualties are unclear at this time," Pentagon spokesperson John Kirby added in a tweet. The State Department issued a warning on Wednesday night urging Americans not to travel to the airport and to leave immediately if they were gathered near the Abbey Gate, East Gate, or North Gate.

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5 Reasons Why We Decided To Homeschool

First things first. We have a deep respect for the public school system and teachers in general. We have several friends and family members that are educators. This post is not a manifesto for why everyone should drop the public system and start homeschooling their children. In fact, it's not meant to sway you in one way or the other. It's simply a chronicle of the thought process that Lynn and I employed when making the final decision this year to give homeschool a shot.

Choosing to home school our children wasn't an easy or quick decision, which it shouldn't be. But we considered every option and weighed the pros vs the cons. We made our ultimate decision based on what is best for our children and our family.

Education is a critical part of every child's development. So it's no wonder that parents (and even non-parents) are so passionate about schooling.

We're no different.

Yet we've still been on the receiving end of the awkward glances and ill-worded reactions when we explain that we're taking education in-house. I get it. It's different. It's not in the mainstream, and that's OK.

So let me outline for you our 5 core reasons for traveling this path.

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