The Russian group REvil has offered to unscramble all computers affected by its massive hack in return for $70 million in cryptocurrency.
Nobelium allegedly emailed over 3,000 accounts and more than 150 government agencies, think tanks, consultancies, and NGOs posing as USAID.
The company expects to incur "significant legal and other professional services expenses" associated with the hack of its software in future quarters.
State-sponsored hackers count on going overlooked or undetected when they infiltrate organizations’ systems.
The company says the hackers' malware attack enabled them to select more than 40 customers for "narrower and more focused" measures.
The hackers appear to have used a "supply-chain attack" to breach the computer systems of federal agencies including the Treasury and Commerce departments.
Shares of the IT management software firm close 2.6% below their opening price.
Educational efforts in emerging markets are creating a glut of skilled workers.
Educational efforts in emerging markets are creating a glut of talent.
