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Tech
Published 13 hours ago


SINCLAIR BROADCAST GROUP HIT WITH RANSOMWARE ATTACK


IT IS NOT YET KNOWN WHETHER THE ATTACK 'WILL HAVE A MATERIAL IMPACT' ON
OPERATIONS, SINCLAIR SAID

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By Breck Dumas FOXBusiness
close



BLACK KITE CEO ON RANSOMWARE THREATS

Paul Paget, CEO of Black Kite, a cyber risk ratings company, argued that 15% of
Nasdaq-100 companies are 'in the critical red zone' and are susceptible to cyber
attacks within the next seven months. 

Sinclair Broadcast Group has confirmed that the media company was hit over the
weekend with a ransomware attack, saying some operations were impacted and data
was stolen from its network.



Sinclair is one of the largest owners of television stations in the U.S., and
several of its stations went down on Sunday, leading reporters to take to social
media to explain they were experiencing "technical issues."

(Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)
(Pavlo Gonchar/SOPA Images/LightRocket / Getty Images)

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The company released further details on Monday regarding what it called a
"cybersecurity incident," which it began investigating on Friday. The company
noted it had "identified that certain servers and workstations in its
environment were encrypted with ransomware, and that certain office and
operational networks were disrupted."

Data was also lifted from Sinclair's network, the company said, adding that it
was "working to determine what information the data contained and will take
other actions as appropriate based on its review."

Signage is displayed outside the Sinclair Broadcast Group Inc. headquarters in
Cockeysville, Maryland, U.S. (Andrew Harrer/Bloomberg via Getty Images) (Andrew
Harrer/Bloomberg)

Ticker Security Last Change Change % SBGI SINCLAIR BROADCAST GROUP 26.39 -0.80
-2.94%

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RANSOMWARE ATTACKS SURGE, GROWING 93% EACH WEEK

Ransomware attacks are a growing issue worldwide amid a rise in criminal hacking
operations demanding payment from their victims – sometimes to the tune of
millions of dollars.

Last week, the White House held a virtual event that included some 30 countries
to address ways to counter the problem, saying ransomware payments hit $400
million worldwide in 2020 and surpassed $81 million in the first quarter of
2021.



Ransomware attacks cost victims $400 million worldwide in 2020, and another $81
million in the first quarter of 2021. (iStock)

CLICK HERE TO READ MORE ON FOX BUSINESS

Sinclair is not the only media company to fall prey to a ransomware attack in
recent years, either. 

The Associated Press noted that another major media conglomerate, Cox Media
Group, recently said it was targeted earlier this year in a similar episode, and
the Weather Channel went off air following a ransomware attack in 2019.

FOX Business' Brooke Crothers contributed to this report.




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Personal Finance
 * Mortgages
 * Student Loans
 * Credit Cards
 * Personal Loans
 * Savings
 * Insurance
 * 401k
 * Retirement
 * Tax Planning

Economy
 * Government Spending
 * Money & Policy
 * 2020 Campaign
 * Small Business

Markets
 * Pre-Markets
 * US Markets
 * Futures & Commodities
 * Bonds
 * Funds & ETFs
 * Business Leaders
 * Industries
 * Retail

Watchlist
Lifestyle
 * Rich & Famous
 * Travel
 * Cars
 * Airplanes
 * Food & Drinks
 * Arts

Real Estate
 * Personal
 * Commercial
 * Luxury Properties

Tech
 * Digital
 * Social Media
 * Gadgets
 * Business Tech
 * Healthcare Tech
 * Future Tech
 * AI
 * Space

Sports
 * NFL
 * NBA
 * MLB
 * NASCAR
 * Boxing
 * Soccer
 * Golf
 * Tennis

Opinion
Shows
 * Mornings with Maria
 * Varney & Co
 * Cavuto: Coast to Coast
 * Making Money with Charles Payne
 * The Claman Countdown
 * Bulls & Bears
 * The Evening Edit
 * Kennedy
 * Strange Inheritance with Jamie Colby
 * Maria Bartiromo's Wall Street
 * WSJ at Large with Gerry Baker
 * Barron's Roundtable

About
 * Channel Finder
 * Jobs
 * Terms of Use
 * Updated Privacy Policy
 * FAQ
 * Media Relations
 * Corporate Information
 * Closed Captioning Policy
 * Accessibility Statement
 * Fox News
 * Fox Nation
 * Fox Business Go
 * Apps & Products

 * Facebook
 * Twitter

Fox Business
 * New Terms of Use
 * New Privacy Policy
 * Do Not Sell my Personal Information
 * Help
 * Closed Captioning Policy

Quotes displayed in real-time or delayed by at least 15 minutes. Market data
provided by Factset. Powered and implemented by FactSet Digital Solutions. 
Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

This material may not be published, broadcast, rewritten, or redistributed.
©2021 FOX News Network, LLC. All rights reserved. FAQ - New Privacy Policy