Travelex paid $2.3M in Bitcoin to get its systems back from hackers

[InfoSec News <alerts () infosecnews org>]

https://thenextweb.com/hardfork/2020/04/09/travelex-paid-2-3m-in-bitcoin-to-get-its-systems-back-from-hackers/

By David Canellis
The Next Web
04/09/2020

Travelex paid hackers $2.3 million worth of Bitcoin to regain access to its
computer systems after a devastating ransomware attack on New Year’s Eve,
reports the Wall Street Journal.

The London-based company said it decided to pay the 285 BTC based on the advice
of experts, and had kept regulators and partners in the loop throughout the
recovery process.

Although Travelex, which manages the world’s largest chain of money exchange
shops and kiosks, did confirm the ransomware attack when it happened, it hadn’t
yet disclosed a Bitcoin ransom had been paid to restore its systems.

Travelex previously blamed the attack on malware known as Sodinokibi, a
‘Ransomware-as-a-Service’ tool-kit that has recently begun publishing data
stolen from companies that don’t pay up.

[...]

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