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Cryptocurrency Firm Tether Refuses to Pay Ransom to Hackers

Cryptocurrency firm Tether refused to pay a ransom of 500 bitcoins ($24 million) Hackers threatened to leak sensitive data if the company failed to pay. Tether said the hackers’ threat could be an attempt to undermine the company or cryptocurrencies in general. The FBI and security experts urge organizations hit by ransomware gangs to not pay ransoms because there’s no guarantee hackers will fulfill their promises and the payments spur additional cybercrime. Ransomware attacks have significantly increased as more staff members have worked remotely.”]

Source: https://www.cuinfosecurity.com/cryptocurrency-firm-tether-refuses-to-pay-ransom-to-hackers-a-16090

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