Oracle is investigating a major extortion campaign targeting users of its E-Business Suite, with hackers claiming to have stolen sensitive data and demanding up to $50 million, according to reports. The attacks, which began circulating on 29th September, exploit known software flaws patched by Oracle in July.

The campaign involves emails sent from hundreds of compromised accounts, with attackers claiming links to the notorious ransomware group Cl0p. The group has a history of breaching companies worldwide and using data leak sites to pressure victims into paying ransoms.

Oracle confirmed that some customers received extortion emails and urged all users to apply the latest security updates. The critical vulnerabilities exploited were included in Oracle’s July patch advisory for E-Business Suite applications.

This incident underscores the ongoing threat from sophisticated ransomware groups and the importance of timely software patching to protect global enterprise systems.

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