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Tuesday, October 3, 2023

Travel Giant CWT pays $4.5 Million Ransom to Cybercriminals


A Minnesota based travel giant CWT, which claims to have more than a third of corporates on S&P 500 U.S. as its clients, has become the latest victim to cybercrime who claimed to have seized the control of its 30,000 computers and about two terabytes of data, according to media reports.

Using a ransomware strain called Rangar Locker, which encrypts computer files and makes them unusable until the victim pays the ransom to restore the access.

The hackers initially demanded a payment of $10 million to restore all files and delete all stolen data that they had. An amount of $4.5 million was settled between hackers and CWT representatives which was paid off using digital currency Bitcoin.

It is not yet clear whether hackers had access to any personal or sensitive information of its clients.

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