Web Hosting Company Pays $1 Million to Ransomware Hackers to Get Files Back

Running applications from 2006 will tend to leave you “wide open” to attack…

South Korean web hosting provider has agreed to pay $1 million in bitcoins to hackers after a Linux ransomware infected its 153 servers, encrypting 3,400 business websites and their data, hosted on them.

According to a blog post published by NAYANA, the web hosting company, this unfortunate event happened on 10th June when ransomware malware hit its hosting servers and attacker demanded 550 bitcoins (over $1.6 million) to unlock the encrypted files.

However, the company later negotiated with the cyber criminals and agreed to pay 397.6 bitcoins (around $1.01 million) in three installments to get their files decrypted.

Read more here.

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