Ransomware Threatens Financial Institution – The New Indian Express

By Express press service

KOCHI: The dreaded Everest Ransomware has issued a data leak threat to Fedfina, a financial institution in Kochi. The threat appeared on the dark web on Monday and was widely disseminated by cyber experts via social media.

The company is told to contact the ransomware team within 48 hours or they have been warned to release 1130 GB of internal data and delete the decryption key needed to unlock the systems. The threat message claims that the data contains financial documents, including loans, budgets, internal correspondence, KYC data, personal data and employee documents. They would have access to the personal data of customers, members of management and administrators. Fedfina declined to comment on the matter. The public relations firm associated with the financial institution said comments in this regard cannot be made without prior permission from the reserve bank. We learn that an internal investigation is launched on the case.

Ransomware is a kind of malware that hacks into a computer system using various vulnerabilities. The hackers then demand a ransom to stop the data leak. Everest Ransomware, after sneaking into the system, locks it using an encryption code. Later they demand a ransom to unlock it. In some cases, data is shared with interested parties who are willing to make a payment. Everest ransomware, formerly known as Everbe, was launched in 2018.

KOCHI: The dreaded Everest Ransomware has issued a data leak threat to Fedfina, a financial institution in Kochi. The threat appeared on the dark web on Monday and was widely disseminated by cyber experts via social media. The company is told to contact the ransomware team within 48 hours or they have been warned to release 1130 GB of internal data and delete the decryption key needed to unlock the systems. The threat message claims that the data contains financial documents, including loans, budgets, internal correspondence, KYC data, personal data and employee documents. They would have access to the personal data of customers, members of management and administrators. Fedfina declined to comment on the matter. The public relations firm associated with the financial institution said comments in this regard cannot be made without prior permission from the reserve bank. We learn that an internal investigation is launched on the case. Ransomware is a kind of malware that hacks into a computer system using various vulnerabilities. The hackers then demand a ransom to stop the data leak. Everest Ransomware, after sneaking into the system, locks it using an encryption code. Later they demand a ransom to unlock it. In some cases, data is shared with interested parties who are willing to make a payment. Everest ransomware, formerly known as Everbe, was launched in 2018.

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