British Jeweller Graff Paid £6 Million Ransom To Attackers Then Sued Insurers

By   ISBuzz Team
Writer , Information Security Buzz | Jul 19, 2022 05:13 am PST

As reported by SecurityAffairs, in September 2021, the Conti ransomware gang hit high society jeweller Graff and threatens to release private details of world leaders, actors and tycoons.

Graff decided to pay a £6m ($7.5 million) ransom to Conti to avoid the leak of its customers’ data and sued its insurance company Travelers for refusing to cover the ransom payment. It seems that the initial request of the Conti gang was $15 million, but it was halved after a negotiation with the cybercrime gang.