Hackers have demanded $50m from the world’s most valuable oil producer, Saudi Aramco over leakage of company from one of its contractors.

The hacker are attempting to use the data to extort $50m (£36.5m), the company told BBC.

Saudi Aramco in a statement said, “Recently became aware of the indirect release of a limited amount of company data which was held by third-party contractors.”

The energy giant did not disclose which contractor was affected, if the contractor had been hacked or if the files were leaked in other ways.

The Saudi Arabian company said, “We confirm that the release of data was not due to a breach of our systems, has no impact on our operations and the company continues to maintain a robust cybersecurity posture.”

The global oil and gas industry has been criticized for its failure to invest in cyber security.


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