Ransom Requested with Bitcoin: Equifax

The hackers of credit reporting company Equifax demanded a ransom of 2.3 million Bitcoin.

Equifax Hack

On September 7, 2017, Equifax It was reflected in the news that was the victim of a massive data leak. According to reports, hackers had accessed personal data of 143 million American citizens, which had very sensitive information such as social security numbers and credit card numbers.. Experts say this leak was one of the largest known in 2017 and in American history.. Legislative documents show that Equifax executives sold shares worth $1.8M 3 days before the news broke.

According to Mashable news, a deep-website Equifax , for 600 Bitcoin ($2.5 Million at the time of writing). The so-called Equifax hackers demanded a ransom as follows:

“We are 2 people trying to make a living for our family and ourselves. We did not anticipate that we would reach as much information as we did, and we do not want to affect any citizen badly.. But we need to turn the knowledge we have into income as quickly as possible.. Its value is decreasing day by day and our time limit is September 15th.. After that date, we will disclose any information except credit card numbers. This is a loss that companies like Equifax must inflict in order to learn a lesson.. If the amount we demand is paid by the day, we will delete the team information – and its backups -. You may think that our statements will not be valid, but it is clear that we will not gain anything by sharing personal information unless necessary.”

Hackers are demanding a high ransom until September 15th or they will share all sensitive information they have.. There is no evidence that the people who run this site and publish the article are really hackers of Equifax.

Preventing Future Data Leaks

Central systems storing sensitive information like this in the future there is a clear risk of falling victim to similar attacks. Decentralized services such as Civic also provide authentication methods based on blockchain technology.

The main benefit of such decentralized services is that they do not store information on centralized servers.. Instead, the data is stored on a public blockchain – a method that is much more resistant to leaks and hacks than traditional storage protocols.

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