Hackers demand $4.5 million and API price reversal from Reddit | Engadget

ReclamationCrafts@kbin.social to Reddit Migration@kbin.social – 181 points –
Hackers demand $4.5 million and API price reversal from Reddit | Engadget
engadget.com

Ransomware gang BlackCat is likely behind a February attack on the company..

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Seeing this has made me curious, are there any cases like this where a hacker/hacker group has demanded millions of dollars to not leak info, and the company being blackmailed has actually paid out?

I feel like every once and a while you see a headline about hackers “demanding” x amount of money, and it never seems its going to work, but it must have worked at some point for so many people to try it, right?

You don’t hear about the times it worked. That’s kind of the point of blackmail.

Why would you see a headline about them paying out? The entire point is to pay so that nobody knows it happened.