The GPS device maker Garmin acknowledged Monday being victimized by a cyberattack last week that encrypted some of its systems, knocking its fitness tracking and pilot navigation services offline. It said systems would be fully restored in the next few days.
In an online statement, the company did not specify that it was the target of a ransomware attack, in which hackers infiltrate a company’s network and use encryption to scramble data until payment is received. But a person familiar with the incident response told The Associated Press the attackers had turned over decryption keys that would allow Garmin to unlock the data scrambled in the attack. The person spoke on condition they not be further identified. More
Garmin hasn’t publicly admitted to paying ransom to regain control of its networks, but observers believe the firm may have paid upwards of $10 million to a Russian outfit known as “Evil Corp” for the keys to the encryption that had taken control of the company’s network and files. Here