They Ask For A Ransom Of 50 Bitcoin (BTC) After Attacking Banks In Brazil

✍️ 14 October, 2022 - 10:42 👤 Editor: Jakub Motyka

• The Bank of Brasilia has been the latest victim of LockBit ransomware.
• A ransomware attack hijacks user data and demands a ransom to release them.
• LockBit is one of the main ransomware viruses in the cyber world, being responsible for 40% of attacks.

The Bank of Brasilia, one of the main banking entities of the Brazilian government, has been the victim of a ransomware attack. The hackers demanded a ransom of 50 BTC in exchange for not disclosing the data of all their clients. So far, there has been no official statement by the bank's board. However, the Special Police Department for the Suppression of Cyber ​​Crimes has already begun its investigations.

According to local news outlet Tecmundo, the ransomware infected the Bank of Brasilia (BRB) on October 3rd. A hacker identified as Crydat demanded payment in BTC equivalent to 5.2 million Brazilian reals before October 6. Otherwise, the personal data and records of your customers would be leaked on the internet. This type of data is often used for scams and "Phishing" campaigns, so it would be the worst scenario for a banking entity like the BRB.

What Is A Ransomware Attack And Why Is It Targeting Banks In Brazil?

A ransomware attack is a type of hack that uses computer viruses to hijack data from a computer. In this way, the malware prevents users from accessing their system or personal files and demands a ransom payment in order to release them. The first ransomware attacks date back to the 1980s, and demanded payments through the mail postcard.

With the increasing adoption of cryptocurrencies as a form of cross-border virtual exchange, ransomware attacks have become very popular. On this, the financial entities and companies with a wide portfolio of clients are its most coveted victims. Either because of the ability to pay the ransoms, or because of the high price at which they can sell your information on the black market.

LockBit Is The Group Responsible For 40% Of The World's Attacks

This time, the attack on the Bank of Brasilia was carried out by the LockBit ransomware group. This has been linked to attacks on more than 350 companies around the world, which represents about 40% of this type. They recently updated their platform to version 3.0, and are constantly looking for bug reports, suggestions, and custom requests.

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