Travelex Pays $2.3M in Bitcoin to Hackers Who Hijacked Network in January

Travelex has paid out $2.3 million in Bitcoin to hackers to regain access to its global network after a malware attack at the new year knocked the global currency exchange offline and crippled its business during the month of January. The move—reported by the Wall Street Journal—may seem counterintuitive, as experts in the past have typically recommended that companies refrain from paying threat actors ransom when such scenarios occur.

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