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Travel Giant CWT Just Paid $4.5 Million Worth Of Bitcoin To Hackers Who Compromised Its Systems

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Prominent US travel management agency CWT has paid 414 BTC amounting to $4.5 million to hackers who claimed to have compromised 30,000 computers and stolen sensitive corporate data from the firm.

The report by Reuters said that according to data from the ransom negotiations, the cybercriminals attacked the firm’s systems using the Ragnar Locker ransomware strain. The malware allowed them to encrypt CWT’s computer files, locking them out until they paid the ransom to have their access reinstated.

The negotiations happened in an open online chat, between the hackers and a CWT negotiations representative. Part of the evidence presented …

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