Record ransom payment to cyber criminals

A South Korean web hosting company recently agreed to pay $1 million ransom to unlock files and computers frozen by hackers.

The South Korean Web-hosting company, Nayana, has 153 Linux servers and over 3400 client websites held to ransomware. The first demand from the hackers was five billion won, which equates to roughly $4.4 million. The company has managed to negotiate the ransom to 1.2 billion won, or just over $1 million worth in Bitcoins.

The ransomware known as ‘Erebus’ is the highest recorded pay-out known.

Ransomware is becoming more and more of a problem for both Microsoft Windows and Linux systems.

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