Travelex, Other Orgs Face DDoS Threats as Extortion Campaign Rages On

Companies worldwide have continued to receive extortion emails threatening to launch a distributed denial-of-service (DDoS) attack on their network, unless they pay up – with British foreign-exchange company Travelex reportedly being one recent high-profile threat recipient. Researchers said that since mid-August, several companies have been sent emails that warn that their company network will be hit by a DDoS attack in about a week. The initial ransom demand is set at 20 BTC – which translates to about $230,000 at the time of writing – and cybercriminals threaten to increase that ransom by 10 BTC for each day not paid, said researchers.

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