Oracle Apps Exploited by Hackers in New Extortion Campaign (2)

Executives and technology departments at large organizations are being extorted by a notorious ransomware group that claims to have stolen their data from a suite of popular Oracle Corp. applications, according to a Google cybersecurity executive and three others familiar with the matter.

A group of hackers claimed to have breached Oracle’s E-Business Suite, which runs core operations including financial, supply chain and customer relationship management. In one case, they demanded a ransom of up to $50 million, according to cybersecurity firm Halcyon, which is currently responding to the campaign. The group, which claims to be affiliated with a criminal ...