Saturday, July 20, 2019

Cheap Air Platform Under Ransomware Attack as $10,000 Worth Of Bitcoins Is Demanded

Cheap Air is under ransomware attack, as reported, a sum of $10,000 worth of Bitcoin cryptocurrencies are demanded from the company by the cybercriminals. The detail of the attack was revealed on the site of the travel agency.

Cheap Air Ransomware Attack

Cheap Air, an American travel agency revealed on its website the detail of a ransomware attack it is presently experiencing. The blog post states,

“In the spirit of this transparency, we’d like to make you aware of a credible cyber-threat that we have received that you may get wind of, particularly if you interact with us through our social media channels. This past weekend we received a ransom demand, saying that if we don’t send about $10,000 in Bitcoin, we can expect a social media smear campaign, engineered to damage our relationship with our followers and customers.”

The attacker made a threat of “posting thousands of negative items on our social media accounts, including negative ratings and replies;
• Posting negative reviews on review sites (like Trustpilot) that consumers use to help make good purchasing decisions and know that the companies they’re buying from are ethical and worthy of trust;
• Destroying SEO rankings by spamming our blog backlinks with negative and profane anchor text in the hopes that we will be banned by Google,” as stated in the blog post.

The firm has refused to kowtow to the threat has it resolved to inform its community of clients to gain their confidence amidst the turbulent period of attack it is going through.

The Cryptocurrency Ransomware and Its Attack

Ransomware is a form of cyber attack that locks the system with a type of file encryption that makes it inaccessible until a payment is made.

Related Article:  Tech Firm Partners to Launch Cryptocurrency Branded Wristwatches

The trend of ransomware is increasing recently especially with cryptocurrency. Cryptocurrency demands give the hackers anonymity when their demand is paid.

Though the general notion of the anti cryptocurrency is that cryptocurrency is meant for this type of act only, the Drug Enforcement Agency revelation of the 90% of cryptocurrency transactions being legal has dethroned this notion. However, the cryptocurrency space is still battling with a destructive menace in scams and hacking.

Recently, PGA America Server was hacked as the PGA America was preparing for its 100th PGA Championship. A demand was also made for cryptocurrency even though the hacker did not state the actual amount.

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