Looks like a number of banks have had their online exchange disrupted by this
That’s what outsourcing does, considering the likes of Barclays and HSBC used to do it themselves.
It must be some serious hack, travelex are massive.
The police are now investigating this as a ransomware attack. Apparently the hackers want $3m by tomorrow
Is that all, $3m is nothing.
Obviously they can’t pay it, but seems such a low amount for such a big issue.
The BBC are reporting it as £4.6m and an expert is commenting within the article.
"The REvil/Sodinokibi group has been a quite sophisticated group for a long time now. The quoted ransom demands are consistent for the gang’s victims of Travelex’s size.
That makes more sense
Being pedantic, shouldn’t this be “quite a sophisticated group”??
Last time I was at a Travelex - which was only because of a series of crappy events, their computers were only one step up from Hertz, so can’t say I was knocked sideways by this news
Interesting, and another major unintended consequence of the EU’s data protection law.
Unintended? I sure hope its intended. Shouldn’t one get compensation when it gets its data stolen, shared with unauthorized parties and probably made public somewhere?
I meant the attractiveness to ransom-takers. That’s the unintended consequence.
I think you might be right ( but just what a non-gradable adjective is, god only knows ).
However, might this be “a crappy series of events”, I hear dozens of pedants asking…
Tbf, it was actually a crappy series of crappy events!
Well, I’m sorry to hear that. I mean - that’s just crap.
It was already attractive because of the damage to brand image - knowing Travelex can’t even secure its own systems scares me a lot more than the fines by the gov (that would likely be less than 4.6m being demanded)
Not sure it is relevant - you have to still report the breach (and get the fine!) even if you pay the ransom.
Vast majority of companies will not support people brushing this under the carpet - the law is tight in this area.
Is that the sound of the proverbial fat lady warming up backstage?