The technology company Oracle has confirmed that a number of users of its service, E-Business Suite, were targeted by a hacker attack and received extortion emails. This confirmation follows a prior warning issued by Google regarding a high-volume hacking campaign.
Mode of Operation and Perpetrators' Claims
The cyber attackers are attempting to pressure company executives into paying a ransom by claiming they have successfully gained access to sensitive data from the Oracle application. Google described the campaign as high-volume, with the hackers claiming to be affiliated with the notorious ransomware group Cl0p, though this affiliation claim has yet to be verified.
Cause and Solution
Oracle assessed that the attackers appear to be exploiting a previously disclosed vulnerability. Therefore, Oracle urges all its customers to take immediate action by updating their systems to the latest security patches to close the loophole.
Oracle did not provide specific details on the number of organizations affected or whether any data breaches have been verified. However, the company's official statement reinforces the previous report from Google concerning the extortion attempts carried out by the hackers.
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