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Black Shadow Hackers Demand 200 BTC Ransom from Israeli Insurance Giant Shirbit

One of many largest insurance coverage corporations in Israel has been hit by a ransomware assault, and the risk actors began to launch delicate information, because the agency doesn’t pay the requested ransom in bitcoin (BTC).

Israel-Primarily based Shirbit Nonetheless Refuses to Pay $three.eight Million Ransom

In line with The Jerusalem Put up, the Black Shadow group is the mastermind of the ransomware deployed on the IT infrastructure of Shirbit on December 1, 2020, who requested a ransom of 200 BTC (over $three.eight million as of press time).

Initially, the hackers requested for 50 BTC, however the insurance coverage firm refused to adjust to the attackers’ calls for. Afterward, the Black Shadow introduced by their Telegram channel that the quantity could be elevated with the previous of the time.

On December three, 2020, the attackers saved their promise to leak delicate information and revealed a bulk of recordsdata containing workers’ and clients’ non-public info. They promised to cease leaking if the ransom is paid. Amongst its clients, Shirbit has enterprise relations with authorities entities, together with the Tel Aviv District Courtroom president.

A supply quoted by Channel 12 Israel, who’s concerned within the investigation, stated that the authorities consider that an Israeli particular person or somebody based mostly within the nation could also be concerned within the ransomware assault. It additionally doesn’t have indicators to be tied to a state-sponsored cyberattack.

Shortly after the leak, Shirbit issued a press release:

The corporate has a full backup that’s not broken, and the preliminary investigation reveals that the knowledge stolen is not going to trigger harm to the corporate’s clients. The corporate has acted to guard info sources in accordance with the directives of the authorities, and can be now absolutely coordinated with them.

Additionally, the Nationwide Cyber Directorate and Capital Market Authority clarified that an preliminary investigation discovered that certainly insurance coverage particulars had been leaked.

Contradicting Studies on When the Recordsdata Have been Initially Leaked

Though the directorate stated the assault occurred on December 1, 2020, Black Shadow revealed the primary bulk of leaked recordsdata on November 30, 2020, on their Telegram channel.

Black Shadow is understood within the cybercrime sphere to ask within the U.S. for ransom calls for from $100,000 to tens of millions of , provides The Jerusalem Put up.

Do you assume the pattern in ransomware assaults will develop in 2021? Tell us within the feedback part under.

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