ransom

Ransom is the practice of holding a prisoner or item to extort money or property to secure their release, or it may refer to the sum of money involved.

Source: en.wikipedia.org

2024 Is Already the Year of the Cyberattack
2024 Is Already the Year of the Cyberattack
July 04, 2024  |  Cybersecurity

It’s the summer of steals, not the summer of deals, for businesses suffering cyber breaches. That’s because, as the world goes digital, fraudsters are constantly...

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Report: Caesars Entertainment Paid $15 Million Ransom After Cyberattack
Report: Caesars Entertainment Paid $15 Million Ransom After Cyberattack
September 13, 2023  |  Security & Fraud

Caesars Entertainment, the operator of Caesars Palace in Las Vegas, reportedly fell victim to a cyberattack during the summer and paid a ransom of approximately...

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Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers
Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers
July 31, 2020  |  Security & Fraud

Corporate travel manager CWT paid $4.5 million worth of bitcoin in ransom this week to hackers who said they seized control of 30,000 company computers...

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Travelex Founder Buys London Office Space, Expressing Optimism In Market
Travelex Founder Buys London Office Space, Expressing Optimism In Market
July 12, 2020  |  Real Estate

Travelex founder Lloyd Dorfman, in a show of confidence in the U.K. capital’s office market, has bought an office in London, Bloomberg reports. Dorfman spent...

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Travelex Reportedly Paid $2.3M Ransom To Hackers
Travelex Reportedly Paid $2.3M Ransom To Hackers
April 09, 2020  |  Security & Fraud

Travelex, the foreign exchange company that was crippled by hackers on New Year’s Eve, reportedly paid a $2.3 million ransom to get their systems back...

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Barneys Employees Told Paychecks Stalled Due To Ransom Hacker
Barneys Employees Told Paychecks Stalled Due To Ransom Hacker
January 09, 2020  |  B2B Payments

A cyberattack is being blamed for holding up paychecks from the remaining staff at the beleaguered Barneys New York. A source told Page Six on...

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Florida City Pays Hundreds Of Thousands To Hackers
Florida City Pays Hundreds Of Thousands To Hackers
June 27, 2019  |  Security & Fraud

One small Florida city has had to pay cybercriminals thousands of dollars in ransomware. Lake City, a community of about 12,000 people west of Jacksonville,...

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38 Percent Of Local Governments Vulnerable To Cyberattacks
38 Percent Of Local Governments Vulnerable To Cyberattacks
June 25, 2018  |  Security & Fraud

New research shows that 38 percent of public-sector entities will suffer a ransomware attack this year, up from 31 percent last year and 13 percent...

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School District Pays Hackers $10K In Bitcoin To Recover Data
School District Pays Hackers $10K In Bitcoin To Recover Data
May 02, 2018  |  Security & Fraud

After hackers stole data from the computer system of a Massachusetts school system, they offered to return the information in return for a $10,000 bitcoin...

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