Russian Bank Refuses to Pay Half Million Dollar Ransom in Bitcoin

Bank Saint-Petersburg has refused to pay a ransom to hackers who managed to steal the account information of over 300 thousand clients. In an increasingly popular trend, the cyber criminals were willing to remain silent for 29 million rubles (~US$500,000) payable in Bitcoin.

Ultimatum deadline ends

Russian publication Fontanka reported that the theft of over 300,000 bank card records occurred back in early April and the authorities have been carrying out an investigation since. It was only on July 20 that the bank received an ultimatum from the culprit(s).

The ransom ultimatum sent to one of Russia’s leading banks Bank Saint-Petersburg expired at 12:00 on July 23.

“I took 300 thousand records with bank card information of your clients,” reads the first line of the ultimatum, sent to Bank Saint-Petersburg via email.

The hackers have demanded 29 million rubles, which they will accept via Bitcoin to their publicly posted wallet address.

Additionally, the ultimatum may have contained a cryptic message behind it since it was signed under the pseudonym of famous writer Isaac Asimov. Many believe this to correlate to April 6, the first day of the attack and also the day of the writer’s death.

“The culprits obtained information containing

Read more ... source: Cointelegraph