Despite issuing ransom demands, the hackers reportedly used code that corrupted stolen information, leading experts to doubt a profit motive.

Israeli companies are being targeted by a new wave of cyber attacks, and industry experts say Iran is the likely culprit, The Marker reported on Sunday.

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Recent incidents have included attacks on the Veritas logistics company and on Match Retail, which is H&M’s representative in Israel.

“In both incidents, many figures were stolen from the organizations—in Match’s case, 110 gigabytes of information, while in Veritas’s case, nine gigabytes,” said the report.

A new group, calling itself Networm, is reportedly behind both incidents. It sent an ultimatum to both companies, demanding hundreds of thousands of dollars to prevent exposure of the stolen information.

Cyber-security experts said the attacks were unlikely to be ordinary ransom incidents, adding that they were intended to embarrass Israel.

“We believe that this is an Iranian attacker disguised as a Russian attacker,” Shay Pinsker, head of offensive security at OP Innovate, a cyber-security firm, was quoted as saying. Read more at JNS