Garmin Reportedly Paid Hackers $10 Million to Obtain Decryption Key

Garmin (NASDAQ: GRMN) reportedly paid a multimillion ransom to a group of Russian hackers who go by the name of Evil Corp in exchange for a decryption key to unlock files on its corporate network. The ransomware attack by the hackers last month caused outages for several days on various networks such as Garmin Connect, which affected its smartwatches and fitness trackers, and flyGarmin, the company's navigational support service for pilots. Garmin has not confirmed it paid a ransom, which could possibly run afoul of U.S. sanctions placed against Evil Corp. But BleepingComputer, the site that first reported the attack, says it confirmed Garmin received the decryption key.