Indian Banks & Big Industry Targeted in Ransomware Racket Demanding Bitcoin

Indian Banks & Big Industry Targeted in Ransomware Racket Demanding Bitcoin

Three banks and a pharmaceutical company in India have been revealed as targets of a ransomware scheme that saw a ransom demand in bitcoin. In what is now the first known instance of an online extortionist demanding ransom in bitcoins from Indian targets, the Economic Times has revealed that hackers disrupted operations by crippling computers at three banks and a pharma company. Ransomware schemes are notorious for their scale of operations. A recent report revealed that an estimated $325 million has been plundered by ransomware operators in 2015 alone. Cryptowall was reported to be the....


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