Top Travel Giant Pays $4.5M in Bitcoin Ransom
Shutterstock
Main page News, Bitcoin, Cryptocurrency, Hacker Attack
Hot topic
1 August
205 205

One of the top earning travel companies, CWT (formerly known as Carlson Wagonlit Travel), has paid a $4.5 million in bitcoins to hackers who managed to steal sensitive corporate files and compromised 30,000 computers offline, Reuters has learned.

The hackers reportedly used a ransomware called Ragnar Locker, that encrypts computer files and makes it impossible to use them until the victim pays the ransom.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

A CWT representative confirmed the incident had been ceased after a short shut down.

"While the investigation is at an early stage, we have no indication that personally identifiable information/customer and traveller information has been compromised," the representative told Reuters.

CWT said it had already informed US law enforcement and European data protection authorities.

Initially, the hackers demanded $10 million to give back access to CWT’s files and delete all the stolen data.

However, CWT told hackers the company had been seriously hit by the COVID-19 pandemic and agreed to pay $4.5 million in BTC.

Ethereum 2.0 Devs to Pay Hackers $5,000 For Finding Bugs

Last year, a research study by ProPublica discovered that the majority of ransomware solutions providers have one unusual trick for getting rid of cyber criminals — paying them off the cryptocurrency.

Previously, iHodl reported that the FBI, IRS, and the US Secret Service had arrested a 17-year-old boy named Graham Clark in Tampa, Florida for alleged role in the recent Twitter's hack.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error
Close