Hong Kong Banks Hit By Bitcoin Ransom Demands
Two of the largest Hong Kong banks were targeted with distributed denial of service (DDoS) attacks earlier this week by unknown parties demanding bitcoin ransoms. Regional newspaper The Standard reported that the Bank of China (Hong Kong) and the Bank of East Asia were hit by the attacks last weekend. A representative for Bank of China confirmed that the attack took place on 9th May, telling CoinDesk: "With our constant monitoring mechanism and contingency measures in place to ensure the security and operation of the Company's website, our services and customer information have not been....
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Two Hong Kong based financial institutions recently became the victim of a Bitcoin ransom crime, reports The Standard. According to the available information, both Bank of China and Bank of East Asia were attacked with a Distributed-Denial-of-Service hack that later caused some irregularities in their websites' functionalities. The hackers, which are believed to be operating from foreign locations, threatened these institutions to extend the attack if they don't pay a hefty ransom, in Bitcoin. The matter however was reported to the local police, and it is now being investigated by Hong....
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