Bitcoin Hackers Use Ransomware Scheme to Attack Argentinian Data Center

Bitcoin hackers have officially attacked a data center in Argentina called San Luis, reports the Next Web. The end result? A total of 7,700 GB of data were initially compromised since November 25, 2019. In an interview with Agencia De Noticias San Luis, the Minister of Science and Technology, Alicia Banuelos expounded on the obvious motives behind the theft of almost 10 years’ worth of data, followed by the steps taken to recover what was compromised.

According to Banuelos, 90 percent of the data has been recovered with the help of specialists. That said, deciphering some 350 GB of files left is expected to take at most 15 days due to its size.

Although San Luis is said to be equipped with the necessary safeguards, on the day of the attack, the embedded systems were not able to read the obvious signs of attack. In fact, it was only able to read the obvious patterns the next day, and as a result, was blocked right after.

The motive behind the hack is supposed to demand money in return. More specifically, it has been disclosed that attackers are asking anywhere between $37,000 and $370,000 for the decrypted files.

This isn’t the first attack on the government, as a group dubbed, “Shadow Kill Hackers” pulled a similar move on the City of Johannesburg’s admin demanding $300,000 in Bitcoin. Besides governments being prone to such attacks, another big target includes private companies.

The debate now becomes whether such demands should be fulfilled or not. A common concern expressed is that fulfilling costly demands may imply that such ransomware schemes are likely to continue. Then on the other hand, the failure to do so might result in uploading personal data. How do you think officials should approach monetary demands?

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Nirmala Velupillai
Nirmala Velupillai
Nirmala is a blogger who has been fascinated by the world of technology and its contributions to societal development. While a novice, her eager to learn about the crypto world has led her to write a number of pieces on its positive and negative aspects. On her spare time, she indulges in understanding and building statistical models and enhancing her painting skills.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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