Bitcoin Ransom Demands Put Finland in Cyber Defense Mode as 200 Organizations Prep for the Worse

Finland is in preparations for a cyber warfare after a mysterious activist group has made cyberattack threats in which Bitcoin (BTC) ransoms are being demanded.

The drills involved over 200 municipalities and public organizations in Finland. Yleisradio Oy reports that a scenario in which a hypothetical crew of hackers is asking for payment to not carry on with cyberattacks has been simulated.

235 Public Organizations in Finland Threatened by #Tietovuoto321

The action has come as a response to the threats the activist group #Tietovuoto321 (translation “data breach 321”) made on October 10th. The hackers were asking Bitcoin ransoms from 235 Finnish public organizations. Until now, governmental and town offices have conducted simulated attacks on their websites twice last month. The third simulation will be next week. Yleisradio Oy reports that organizations participating in the simulation have been enthusiastic about the tests.

Ransomware Attacks on Municipalities and Public Facilities Have Increased

In the past year, ransomware attacks on municipalities and public facilities have increased not only in Finland but all over the world. Some hospitals in the US have even decided to pay attackers the ransom so that they can recover their systems. Just earlier in November, hackers got a hold of Pemex’s, which is a state-owned Mexican firm, systems and asked for $4.9 million in Bitcoin. There’s also some good news on the matter, as one victim recently infiltrated an infrastructure to power the malware of his attackers, releasing the decryption keys for people to recover their files without paying anything.

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