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How a U.S. travel firm negotiated and paid over $4.5 mln in bitcoin to hackers

In a series of tweets this morning, Jack Stubbs, a European Cybersecurity Correspondent at Reuters gave a detailed account of what happened between the hackers and the U.S. travel firm.

“An interesting thing happened on the internet this week. U.S. travel management firm was hit with Ragnar Locker ransomware. The company agreed to pay and handed over $4.5 mln in bitcoin down. But the online chat room where the ransom negotiations took place was left online, giving a rare and *incredibly* interesting insight into how these things actually go down.


“But the online chat room where the ransom negotiations took place was left online, giving a rare and *incredibly* interesting insight into how these things actually go down.


“The hackers initially demanded a $10 mln ransom. What ensued was lots of haggling and discussion of discounts.


“Personally I was surprised at how professional and collegial the whole conversation was. From beginning to end, this was treated a business transaction for both parties.


“After the ransom was paid, the attackers even provided some bonus security advice!


“I really like suggested best staffing practices

“It’s a pleasure to work with professionals.” One of the last messages is the hackers offering to wipe the contents of the chat. It was not deleted.



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Written by IJAM.ng

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