Ring Is in a Standoff With Hackers

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Ring Is in a Standoff With Hackers
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ALPHV, a prolific group of hackers, says it has breached security camera maker Ring. They are now threatening to dump the company’s data online if it doesn’t agree to pay a hefty ransom.

But wait, there's more. Each week, we round up the security news we didn’t cover in-depth ourselves. Click the headlines to read the full stories, and stay safe out there.ALPHV, a prolific group of hackers who extort companies with ransomware and leak their stolen data, said earlier this week that it had breached security camera maker Ring and threatened to dump the company’s data online if it doesn’t pay.

Meanwhile, ALPHV, which has previously used its BlackCat ransomware to target companies like Bandai Namco, Swissport, and hospital firm Lehigh Valley Health Network, stands by its claim to have breached Ring itself, not a third-party vendor. A member of the malware research group VX-Underground shared with WIRED screenshots of a conversation with an ALPHV representative who says that it’s still in “negotiations” with Ring.

But the most intriguing result of the case may have more to do with the meltdown of the now notorious cryptocurrency exchange FTX: A portion of FTX’s funds that were stolen in the midst of its bankruptcy proceedings in November were funneled into ChipMixer. Seizing the servers of that mixing service may well foil the FTX thieves’ attempt to evade tracing and help solve one of the central mysteries of that high-profile heist.

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