Cencora Paid $75 Million in BTC to Hackers

Pharmaceutical giant Cencora, which suffered a hack in February, is behind a record $75 million Bitcoin payout to Dark Angels ransomware operators, according to Bloomberg with reference to knowledgeable sources.

According to their information, the payments were made in three installments in March. The initial ransom demand was $150 million.

Cencora declined to comment on “speculation and rumor.” They added that the costs incurred in connection with the cybersecurity event are disclosed in the company’s quarterly reports. According to documents from Martha And Julywe are talking about “the majority of the amount” of $28.5 million and $31.3 million. It is unclear what exactly this money covered in connection with the hack.

Two months after the incident was disclosed, Cencora began notifying individuals and government agencies about the theft of patients’ personal data, including names, addresses, dates of birth, diagnoses, prescriptions and medications.

In the message SEC from February pharmaceutical giant notedthat the incident did not have a significant impact on its operations, but the impact on the company’s financial position has yet to be assessed.

The record ransomware payment was first reported by Zscaler ThreatLabz researchers in July, citing an unnamed Fortune 50 company as the victim.

According to an August report from Chainalysis, 2024 was marked by an increase in ransomware operators’ revenue. In total, the volume for the six months amounted to $459.8 million – slightly more than $449.1 million the year before. But the size of the losses from the attack increased sharply, the analysts noted.

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