Ransomware group BlackCat claims accountability for Reddit hack

It’s no secret that Reddit has been within the information these days for all of the improper causes. Nonetheless, again in February, Reddit additionally fell sufferer to a classy phishing hack, which resulted within the leak of confidential inner paperwork, codes, contracts, and a few private info belonging to advertisers. Now, in a latest growth, the infamous ransomware group, BlackCat, has reportedly claimed accountability for the assault.

The group isn’t solely demanding a ransom of $4.5 million but additionally desires Reddit to revert its just lately proposed API pricing modifications, which had sparked protests from customers and moderators.

How did the Reddit hack happen?

The attackers managed to breach Reddit’s safety system by making a misleading web site that intently resembled the corporate’s intranet gateway. Due to this fact, when unsuspecting workers unknowingly disclosed their login particulars and 2FA codes by way of rigorously crafted prompts on this faux web site, the hackers gained entry to the system. Nonetheless, Reddit has assured its customers that the hackers didn’t achieve entry to any personal person knowledge.

Calls for aligning with Reddit’s API challenge

The timing of BlackCat’s revelation is especially noteworthy, because it aligns with the general public outrage attributable to Reddit’s latest determination to cost corporations for API entry. This determination has already led to the shutdown of many common apps, reminiscent of Narwhal and Apollo. And regardless of the criticism, Reddit CEO Steve Huffman has repeatedly defended the corporate’s proposed modifications, stating that the platform was not initially designed to assist third-party apps and that they’d not rethink their place.

“These people who find themselves mad, they’re mad as a result of they used to get one thing totally free, and now it’s going to be not free,” stated Reddit CEO Steve Huffman.

However this new demand provides additional complexity to the already turbulent scenario. It is because, along with looking for monetary achieve, the group is now trying to affect insurance policies and form the actions of its goal. Nonetheless, the influence of this new growth on API costs stays unsure, as the corporate is but to challenge an official assertion in response to the calls for.

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