Pharmaceutical Distributor Cencora Pays $75 Million Bitcoin Ransom in March, Setting New Record for Cyberattacks

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September 18, 2024
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Foresight News reports that hackers who attacked pharmaceutical distributor Cencora received a $75 million ransom in Bitcoin in three installments in March, according to Bloomberg sources. This is the largest known ransomware payment to date. The company disclosed the cost of the cybersecurity incident in its July quarterly report, citing $31.4 million in "other" expenses, most of which stemmed from the data breach cybersecurity incident. It remains unclear exactly what this sum covers in relation to the attack. Two months after the incident was disclosed, Cencora began notifying individuals and national authorities about the theft of personal data, including names, addresses, dates of birth, diagnoses, prescriptions, and medications.

Previously in July, cybersecurity firm Zscaler and blockchain analytics company Chainalysis reported that the hacking group Dark Angels had received a hefty ransom, but did not disclose the victim's identity. Prior to the Cencora incident, the highest known ransomware payment was $40 million, paid by insurance company CNA Financial Corp. in 2021.

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