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‘Nevada Group’ hackers target thousands of computer networks

Attacks exploit cloud server code to extort groups in US and Europe including universities and manufacturers
The hackers have demanded a surprisingly small ransom, as little as two bitcoins (around $50,000) in some cases

A mysterious and unidentified group of hackers have sought to paralyse the computer networks of almost 5,000 victims across the US and Europe, in one of the most widespread ransomware attacks on record.

The hacking unit, initially nicknamed the Nevada Group by security researchers, began a series of attacks that started around three weeks ago by exploiting an easily fixed vulnerability in a piece of code that is ubiquitous in cloud servers.

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