American travel firm CWT (formerly known as Carlson Wagonlit Travel), was attacked by ransomware hackers, forcing them to pay a ransom in Bitcoin.
CWT forced to pay Bitcoin ransom.
A $ 4.5 million ransom in PTS was paid to hackers after they launched an attack that led to the theft of piles of company documents, and disabled thousands of the travel firm’s devices.
Ragnar, the technology used to encrypt files, was used by these hackers to block the travel firm’s files, which, according to Reuters, made them inaccessible.
CWT had to pay $ 4.5 million in crypt to have their files decrypted and accessed. The encrypted files contained about two terabytes of information, including employee data, financial documents, and other data.
Initially, the hackers demanded a ransom in bitcoin in the amount of $ 10 million. However, it was reduced to 4.5 million, citing COVID, and limited funding as an excuse not to allocate the original 10 million.
According to the “journal of cybersecurity“, between 2013 and 2017, more than 259 million dollars were collected in the form of ransom. Western security officials also say that ransomware attacks pose a serious and ongoing threat to businesses and private companies, despite the increased attention that is usually paid to the predatory antics of hackers.
Cyber attacks on cryptocurrency are greatly underestimated.
BlackBerry Vice President Josh Lemos believes that crypto hackers are becoming a serious threat to cybersecurity. Today, malware is increasingly becoming part of crypto applications. In addition, crypto hackers are teaming up to collectively hack network vulnerabilities.
The growth of the Jack attacks, the crypt is both external and internal threats. In some cases, network resources were used for crypto-mining through legitimate identifiers. The trend shows that organizations do not have the necessary know-how to deal with these hidden threats. Most importantly, crypto-jacking can cause significant damage.
Lemos explains that the crypto mining app is more opportunistic than malicious. First of all, it is aimed at using network resources for financial gain. Adding virus SOFTWARE to these applications makes it a powerful tool for hacking. Most well-known organizations do not know about the dangers, thus exposing their networks to quite formidable vulnerabilities.
The hack program has reached dangerous levels.
In the past few years, a way to spread crypto attacks has also developed. Miners can be quickly distributed over an extensive network, since detection is not possible with modern security tools.
Lemos is confident that the trend of hackers to integrate malware into applications that use various vulnerabilities will continue. Such Jack attacks, as well as crypto-ransomware, will increase during the pandemic, as networks become more vulnerable.
COVID-19 has also made cryptocurrencies more valuable as the world loses faith in Fiat. In many countries, the growing interest in cryptocurrencies is also expanding the market for cryptocurrency hacking interests.