Australian Firm Faces Harassment After Paying Bitcoin Ransom
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....
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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....
There has been a massive hack attack on more than 20,000 Australian computers according to SMH and Stay Smart Online. Reports say that thousands of Australian PCs have been frozen and locked by hackers using a software that encrypt all files on the computers. The malicious and damaging software then asks for a ransom in Bitcoin to unlock the computer. Australian government agencies are closely monitoring and investigating the hacking of thousands different Australian computers. Multiple individuals have already paid the ransom to recover their files. The Ransomware. The malicious software,....
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