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.