The computing system of an Indian publishing house has been hit by a ransomware attack and the hackers have demanded bitcoin payment before they disinfect the system.
Sanjay Garg, the manager of Rachna Sagar, has filed a police report stating that his office systems are in jeopardy from hackers.
Ransomware is a type of malicious software that infects devices and gives the hackers access to user data and control over same. Normally, the hacker demands a ransom payment before he agrees to disinfect your computer, and he usually demands payment in cryptocurrencies like Bitcoin and Monero, because transactions over blockchain are hard to track.
Sanjay reported that the staff couldn’t access the business files, and that the hackers demanded an undisclosed ransom in Bitcoins, before they could decrypt the system files. The hackers also threatened to put in public domain sensitive information of the publishing house.
The cyber crime unit has performed investigation into the case and have taken IP addresses used to hack into the company’s system and their next step is to track down the hackers.
The Bitcoin network is not anonymous as most people believe, but rather pseudonymous, and bitcoin addresses published on Blockchain may help capture IP addresses as well as locations of parties to a transaction through third party software.
If the hackers transferred their loot through a bitcoin exchange, it becomes even easier to nab them, as long as the exchange can cooperate with authorities.
It remains to be seen whether these hackers will be found, or whether, as happens often, they’ll get away scot-free.