South Korean hosting firm shells out $1M in yet another ransomware hack


In a nightmare scenario, South Korean web hosting firm Nayana announced that last week it had suffered a massive breach affecting more than 150 of its servers. But perhaps more troubling was the fact the attackers had managed to take control of an immense amount of user data. In exchange, the hackers demanded nearly $4.4 million in Bitcoin to return the data back to the company. Following eight days of back and forth bargaining, the two sides have now settled on a ransom fee of around $1 million in Bitcoin, which Nayana will pay out in three instalments. The first two…

This story continues at The Next Web

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s