Representational Image. (File Photo) 
Kochi

Ransomware issues threat to financial institution

The dreaded Everest Ransomware has issued a data leak threat to Fedfina, a financial institution in Kochi.

Express News Service

KOCHI: The dreaded Everest Ransomware has issued a data leak threat to Fedfina, a financial institution in Kochi. The threat appeared on the dark web on Monday and was widely circulated by cyber experts through social media.

The company is asked to contact the ransomware team within 48 hours failing which they have warned to publish 1,130 GB of internal data and to delete the decryption key needed to unlock the systems.The threat message claims the data contains financial documents including loans, budgets, internal correspondence, KYC data, personal data and documents of employees. They allegedly have access to the personal data of clients, members of the management and directors. Fedfina has refused to comment on the matter. The public relations company associated with the financial institution said that comments in this regard cannot be made without the prior permission of the reserve bank. It is learnt that an internal probe is launched into the matter.

Ransomware is a kind of malware that hacks into a computer system by making use of various vulnerabilities. The hackers then ask for a ransom to stop the data leakage. Everest Ransomware, after sneaking into the system, locks it using an encryption code. Later, they demand a ransom to unlocking it. In some instances, the data is shared with interested persons who are ready to make a payment. Everest ransomware, earlier known as Everbe, was launched in 2018.

INTERVIEW | Budget shunned short-term populism, reflects yearning to be developed nation: PM Modi

T20 World Cup: India sets 176 target for Pakistan with Ishan Kishan's power-packed half century

'Witnessing betrayal of Indian farmers': Rahul Gandhi sharpens attack on Centre over US trade deal

LS Speaker Om Birla to represent India at Tarique Rahman's oath ceremony in Bangladesh

'Hope he is safe': Family seeks his return despite US confirmation on missing Bengaluru student’s death

SCROLL FOR NEXT