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CWT: Pays $4.5M In Bitcoin To Hackers

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CWT: Pays $4.5M In Bitcoin To Hackers

  • Corporate travel manager CWT paid $4.5 million worth of bitcoin in ransom this week to hackers
  • The news service said it learned details of the negotiations between Minnetonka, Minnesota-based CWT and the unidentified hackers
  • Reuters said the thieves initially wanted $10 million before settling for $4.5 million
  • On Thursday (July 30), the FBI alerted organizations around the world that there seemed to be a surge in one type of ransomware attack
  • Then the hit to CWT comes as corporate travel firms have begun to see a rebound in companies’ interest in business travel
  • Reuters said the hackers used software called RagnarLocker

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