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CWT pays ransom in Bitcoin for its “hijacked data”


Data hijacking is starting to become an activity among cybercriminals. And now companies are between a rock and a hard place to retrieve their captured information.

The concept of kidnappings has now risen in the corporate arena. These cybercriminals are in charge of “holding” the information of the companies they managed to capture.

Large sums of money are requested for the “rescue” of this data. And this is what happened to the great travel company CWT.

, CWT pays ransom in Bitcoin for its “hijacked data”, Forex-News, Forex-News

“Payment made”: CWT pays to recover your hijacked data

US travel management firm CWT paid $ 4.5 million this week to hackers who stole large numbers of confidential corporate files. They called this “data hijacking.”

They claimed that they had managed to interfere with the teams’ internal connection. And that in this way they had disconnected 30,000 computers. This according to a record of the negotiations to get the bailout, provided by Reuters.

The most surprising thing about this event was the form of negotiation between hackers, and the company’s security commission.

Well, they were carried out through a public chat group, where the entire company had access.

This is a rare view of the strained relationship between cybercriminals and their corporate victims. Well, it is not customary to perform as transparently and publicly as this time.

CWT recovered its data after paying the ransom to the “data hijackers”, a sum of $ 4.5 million in Bitcoin. Again cryptocurrencies were “harmed” by a cyber criminal.

“We can confirm that after temporarily shutting down our systems as a precautionary measure, after retrieving the data, our systems are back online and the incident has ceased,” the company’s correspondent said in a statement.

Are all companies at risk from these data hijackers?

Virtual security officials from the European and United States bloc say that ransomware attacks are a constant and serious threat to companies and private companies, and generate this massive data hijacking.

Remember that a ransomware is a malicious software program that infects your computer. And it shows messages that demand the payment of money to restore the operation of the system.

These attacks cost billions of dollars each year, either in extorted payments or in recovery costs.

Cybersecurity experts say the best defense is to keep secure data backups on cloud and encrypted servers.

Furthermore, these analysts agree that paying ransoms only encourages further criminal attacks without any guarantee that the encrypted files will be restored.

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