Australian Company Pays Bitcoin Ransom, Faces More Harassment
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....
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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....
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,....
As dogecoin’s frenzy keeps making the headlines in the crypto sphere, some people are not happy with it. Billy Markus, Dogecoin’s cofounder, has been a target of long-lasting online harassment, which still doesn’t end, he claims. Markus Sold All His Doge in 2015 The so-called meme coin, DOGE skyrocketed well over 325% in a single day, specifically on January 29, 2021. The dynamic was the similar one followed by the Gamestop/Wallstreetbets saga. In this case, a Reddit group called Satoshistreetbets was allegedly behind the recent dogecoin’s pump. However, Markus,....
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....
Major U.S. oil pipeline system Colonial Pipeline paid a requested 75 bitcoin ransom to hackers who took control of its data last week.