Major Social Media Company Hacked, Data Held For Enormous Ransom

The popular news and social media site Reddit has been the victim of a data breach, and the hackers responsible want $4.5 Million against a threat to release the data to the public. According to Kotaku, the hacker group BlackCat has claimed responsibility for a phishing scheme in February that allowed them to cull 80GB of company data, which they are presently holding hostage.