Black Shadow Hackers Demand 200 BTC Ransom from Israeli Insurance Giant Shirbit
One of the largest insurance companies in Israel has been hit by a ransomware attack, and the threat actors started to release sensitive data, as the firm doesn’t pay the requested ransom in bitcoin (BTC). Israel-Based Shirbit Still Refuses to Pay $3.8 Million Ransom According to The Jerusalem Post, the Black Shadow group is the mastermind of the ransomware deployed on the IT infrastructure of Shirbit on December 1, 2020, who requested a ransom of 200 BTC (over $3.8 million as of press time). Initially, the hackers asked for 50 BTC, but the insurance company refused to comply with....
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A British jeweler has sued its insurance company for refusing to cover a bitcoin ransom payment of $7.5 million. The jeweler paid the hackers to prevent sensitive customer data from being published.
Insurance Company Faces Lawsuit for Refusing to Cover Bitcoin Ransom Payment
A luxury British Jeweler, Graff, has sued its insurer, The Travelers Companies, for refusing to cover a ransom bitcoin payment, Bloomberg reported last week.
The jeweler paid a bitcoin ransom of $7.5 million to the Russian hacking gang Conti after the group threatened to leak data of the....
Hackers creating online malware attacks typically demand bitcoin ransom, as this prevents authorities from tracking where the payments went. Bitcoin transactions are anonymous and irreversible, making these the usual mode of ransom required by scammers. Just recently, a company based in Brisbane suffered internal data theft and was demanded to pay bitcoin ransom to its hackers. Initially, the company refused to make the payments but the hackers escalated their threats. Bitcoin Ransom Payment. Eventually, the Australian firm gave in to the demands and gave the hackers the amount they wanted....
Romantik Seehotel Jaegerwirt attacked by hackers, lock 130 guests out of their rooms forcing the hotel to pay Bitcoin ransom. Hackers attacking critical IT infrastructure for Bitcoin ransom is not a new thing. It has been happening on a regular basis in the past couple of years. But attacking a hotel and locking hundreds of guests out of their rooms probably never happened before last week. According to reports, one of the top European hotels, Romantik Seehotel Jaegerwirt in Austria became the target of cybercriminals. They managed to hack into the luxurious 4-star hotel’s electronic key....
A senior executive in Australia has reportedly been victimized after the company they work for was pressured by online hackers into paying a ransom in bitcoin worth $14,000 earlier this year. According to a report by the Brisbane Times, the unnamed Queensland-based business suffered an internal data theft, which was followed by the ransom demand. The company paid the amount, local law enforcement officials told the news service. Subsequent ransom demands were ignored, police explained, a decision that is said to have prompted the hackers to escalate their intimidatory tactics. The hackers....
The USDT stablecoin issuer says it received a $23 million ransom demand payable by Monday. The deadline has since passed, and Tether isn't paying. Hackers have threatened to release sensitive company documents supposedly belonging to USDT stablecoin issuer Tether unless the firm sends a 500 Bitcoin (BTC) ransom to a specified address. As revealed by the official Twitter account for Tether on Sunday, hackers purportedly threatened to leak documents that would “harm the Bitcoin ecosystem” if their ransom demands were not met. Tether has already stated that it will not pay the ransom, which....