24. July 2021

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Saudi Arabia’s state oil firm admitted on Wednesday that data from the corporation was leaked and that the files are now being used in a cyber-extortion effort including a USD 50 million ransom demand. The data was presumably leaked by one of the company’s contractors. Saudi Aramco, the Saudi Arabian Oil Co., notified The Associated Press that it “recently became aware of the indirect release of a limited amount of company data which was held by third-party contractors.”

Saudi Aramco is a public Saudi Arabian oil and gas enterprise headquartered in Dhahran. It is expected to be one of the world’s most profitable corporations as of 2020. Saudi Aramco has the world’s second-biggest proven crude oil reserves, with about 270 billion barrels (43 billion cubic metres), as well as the world’s greatest daily oil production. 

The Master Gas System, operated by Saudi Aramco, is the world’s biggest single hydrocarbon network. It handles about one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves, and its crude oil production totaled 3.4 billion barrels (540 million cubic metres) in 2013. The Ghawar Field, the world’s largest onshore oil field, and the Safaniya Field, the world’s largest offshore oil field, are both operated by Saudi Aramco. 

The oil company did not specify which contractor was affected, nor did it clarify whether the contractor was hacked or if the information was released in some other way. “We confirm that the release of data was not due to a breach of our systems, has no impact on our operations and the company continues to maintain a robust cybersecurity posture,” Aramco said.&n

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Read the original article: USD 50 Million Ransom Demanded from Saudi Aramco Over Leaked Data