(LONDON) JUST IN: MET Cyber Crime Team Report: Officers investigating ‘ hackers ‘ that are h olding ‘ Travelex Network ‘ to ransom after a ‘ Cyber-Attack ‘ by ‘ Ransomware ‘ that commenced on ‘ NYE ‘ the attackers have demanded £4.6-millio n or they will publish ‘ personal data of customers ‘ they downloaded #AceNewsDesk reports

#AceNewsReport – Jan.07: On New Year’s Eve, hackers launched their attack on the Travelex network: As a result, the company took down its websites across 30 countries to contain “the virus and protect data”……..A ransomware gang called Sodinokibi has told the BBC it is behind the hack and wants Travelex to pay $6m (£4.6m).

Travelex being held to ransom by hackers

By Joe Tidy Cyber-security reporter

Travelex signGetty Images

The gang, also known as REvil, claims to have gained access to the company’s computer network six months ago and to have downloaded 5GB of sensitive customer data: Dates of birth, credit card information and social security numbers are all in their possession, they say.

The hackers said: “In the case of payment, we will delete and will not use that [data]base and restore them the entire network: “The deadline for doubling the payment is two days. Then another seven days and the sale of the entire base.”

Police probe: The Information Commissioner’s Office (ICO) said it had not received a data breach report from Travelex: A spokeswoman added: “Organisations must notify the ICO within 72 hours of becoming aware of a personal data breach unless it does not pose a risk to people’s rights and freedoms: “If an organisation decides that a breach doesn’t need to be reported, they should keep their own record of it and be able to explain why it wasn’t reported if necessary.”…….Under General Data Protection Regulation, a company that fails to comply can face a maximum fine of 4% of its global turnover.

The Metropolitan Police is leading the investigation into the attack: In a statement, the force said: “On Thursday, 2 January, the Met’s Cyber Crime Team were contacted with regards to a reported ransomware attack involving a foreign currency exchange. Inquiries into the circumstances are ongoing.”…….

Travelex says it is working with police and has deployed teams of IT specialists and external cyber-security experts who have been working continuously……

#AceNewsDesk report ………..Published: Jan.07: 2020: Read Full Cyber Report Here: Telegram: https://t.me/acenewsdaily/208961 Ace Daily News, [Jan 7, 2020 at 20:12] Travelex being held to ransom by hackers By Joe Tidy Cyber-security reporter OR via Ace Worldwide News Group https://ift.tt/36AgkP5

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