BITCOIN RANSOM WORTH $6 MILLION DEMANDED BY TRAVELEX HACKERS

Posted 08 January, 2020

$6 MILLION IN BITCOIN DEMANDED

Travelex UK's currency exchange site has gone dark due to a ransom program after a network hack. According to the BBC, hackers launched an attack on New Year's Night, forcing the company to shut down its systems and websites.

The attack was aimed at the company when many of its employees were on vacation. Operating in more than 30 countries, Travelex has 1,200 branches worldwide, most of which were forced to attend an old school and work manually.

The Travelex Twitter feed said the sites were closed to "protect data and prevent the virus from spreading."

Statement on IT issues affecting Travelex Services

 

The report added that a ransomware gang called Sodinokibi claimed responsibility for the hack and wanted the exchange to pay $ 6 million. Other reports say the group mentions bitcoins as a way of billing through a website where the top-level domain was registered in China in 2019. March.

After that, hackers agreed to provide decryption tools that would allow IT professionals and company employees to disable ransom programs and re-access their files and network.

Studies have shown that the prevalence of ransom programs may have affected bitcoin prices last year.

It was also reported that computers containing confidential information, such as names of clients and bank account and transaction details, had been infected by the malware which added a random character string to the end of each encrypted file.

A number of other British companies that use Travelex Forex have also been violated, including Sainsbury's Bank, Barclays, HSBC, Virgin Money, First Direct and Asda Money.

Hundreds of customers around the world do not have access to the application and cannot access funds or make transactions using Travelex currency cards.

 

RANSOM NOTE

The band, aka REvil, premiered in 2019. April, by offering criminal gangs to rent ransom programs to cut profits.

The ransom note delivered with the payload read;

“If you do not co-operate with our service – for us it does not matter. But you will lose your time and your data, cause just we have the private key. In practice time is much more valuable than money.”

The attack is the latest trend in the growing ransomware software that grew in 2019. Just last month, a Bitcoinist announced that hackers are demanding a ransom of bitcoins from vulnerable camera users on Amazon and its subsidiary Ring.

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