Bitcoin Ransomware Attack Hits Argentinian Government
bitcoin news

Bitcoin Ransomware Attack Hits Argentinian Government

THELOGICALINDIAN - The Argentinian government has been hit with a Bitcoin ransomware advance According to the latest advice the hacker accepted 50 BTC to abjure the attack

For all the absolute changes that cryptocurrencies accept brought in the aftermost few years, there are still those who would use them to abuse others. A absolute archetype of this is a hacker that recently attacked a above abstracts centermost in Argentina, locking abroad 10 years’ account of government files.

The advance allegedly took abode two weeks ago, November 25th, according to Argentina’s Minister of Science and Technology, Alicia Bañuelos. Bañuelos appear some capacity apropos the adventure in a contempo account with Agencia de Noticia de San Luis, which is the government’s capital agenda account outlet.

In an account on December 2nd, she appear that hackers invaded a abstracts centermost acclimated by the government and that they encrypted about 7.700 GB of data. According to her assessment, this is about 10 years’ account of information. However, in a anniversary afterward the attack, the government managed to balance the majority of encrypted abstracts — about 90%.

Bañuelos added that the job is still far from over and that decrypting the files absolutely will booty at atomic 15 added days. The bulk of advice that was encrypted was huge, appropriately the adjournment in convalescent the files.

The attackers appeal Bitcoin payment

As with all ransomware attacks, the hackers accepted payment, and they capital it delivered in the anatomy of Bitcoin. Bañuelos did not acknowledge the exact bulk that was demanded, but some letters affirmation that the bulk was amid $37,000 and $370,000 (5-50 BTC).

Vertcoin avalanche victim to addition 51% attack

While hackers tend to ambition the clandestine area with this blazon of attack, this is by no agency a rule, and they will advance any company, individual, or article in adjustment to get paid. Even governments accept become accepted targets for these types of attacks.

For example, a accumulation is accepted as ‘Shadow Kill Hackers’ recently attacked South Africa’s City of Johannesburg administering website. The advance came in the additional bisected of October, and they managed to abduct ample amounts of data. They again threatened to dump the abstracts online, unless they are paid $300,000 in Bitcoin, which translates to about 40 BTC.

Another adventure from a few months ago saw a accumulation use ransomware alleged Sadinokibi to advance addition US abstracts center. Once again, able ransomware was used, and hackers auspiciously hijacked the data, ambitious $287,000 to be paid. Bitcoinist additionally reported a bribe advance on Stratford City Hall a few months back. The attackers accepted a acquittal in Bitcoin, which is additionally about account 10 BTC or $75,000.

Finally, abounding still bethink ransomware accepted as WannaCry, which hit the absolute apple two years ago. The ransomware, again, accepted BTC payments from anyone it managed to infect. Back then, the advance acutely did not ambition a specific company, government, group, or alike the country. It adulterated whomever and whatever it could, with little discrimination. It is still advised one of the better and best adverse cyberattacks in history.

These days, however, hackers arise to be activity afterwards specific targets, such as the Spanish bunch aegis aggregation alleged Prosegur. The close was attacked through ransomware accepted as Ryuk. The advance took abode alone a few weeks ago, but Ryuk has been acclaimed ransomware at the time, as it calm over 705 bitcoin in the aftermost bristles to six months.

Do you anticipate that victims should pay the bribe or not? Let us apperceive your thoughts in the comments below.

Images via Shutterstock