Travel Management Company CWT Pays $4.5M Bitcoin to Hackers
Cointelegraph
Published Aug 02, 2020 10:21PM ET
Updated Aug 03, 2020 12:00AM ET
U.S.-based corporate travel firm CWT paid $4.5 million in a Bitcoin ransom to hackers who stole sensitive files from the company.
According to a July 31 report from Reuters, representatives from CWT (formerly Carlson Wagonlit Travel) paid ransomware hackers 414 Bitcoin (BTC) on July 27 — roughly $4.5 million at the time — over two transactions. Blockchain data shows the criminals transferred the funds to a different address within an hour.
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Written By: Cointelegraph
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