this post was submitted on 19 Jun 2023
57 points (98.3% liked)
Asklemmy
43553 readers
1773 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
If you think this will change anything at Reddit, think again.
Reddit will not pay them or meet their demands. If they do reverse any of their API changes, it won't be because of this. Businesses can't been seen to be caving to ransomware groups and rightly so, as it just encourages more of these types of attacks. ALPHV is 100% trying to cash in on the current resentment towards Reddit and it shows.
We also don't know what exactly has been accessed, as neither the group nor Reddit will confirm beyond Reddit stating that no production systems or user data was accessed. It could be 80GB of cat GIFs for all we know - I'm going to need more evidence that they have something big than a screenshot of the attacker saying "trust me bro".
Yeah, since the attack already happened in February, they just used this opportunity to make them look good ("they are doing something for the community"). However, I don't know, but it might affect stock when Reddit goes public.
I doubt it.
If they wanted to damage the IPO, they'd have done this just before the IPO was due to go live, or just after. Reddit has plenty of time to restore investor confidence before that happens.