Travel giant CWT pays $6.3m ransom to cyber criminals – iTnews

US travel management firm CWT paid US$4.5 million (A$6.3 million) to hackers who stole reams of sensitive corporate files and said they had knocked 30,000 computers offline, according to a record of the ransom negotiations seen by Reuters.
The attackers used a strain of ransomware called Ragnar Locker, which encrypts computer files and renders them unusable until the victim pays for access to be restored.
The ensuing negotiations between the hackers and a CWT representative remained publicly a…

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