CWT: Pays $4.5M In Bitcoin To Hackers
- Corporate travel manager CWT paid $4.5 million worth of bitcoin in ransom this week to hackers
- The news service said it learned details of the negotiations between Minnetonka, Minnesota-based CWT and the unidentified hackers
- Reuters said the thieves initially wanted $10 million before settling for $4.5 million
- On Thursday (July 30), the FBI alerted organizations around the world that there seemed to be a surge in one type of ransomware attack
- Then the hit to CWT comes as corporate travel firms have begun to see a rebound in companies’ interest in business travel
- Reuters said the hackers used software called RagnarLocker
