[2016-08-24] India Today: First case of 'digital kidnapping' in Punjab

[polynesia]

First case of 'digital kidnapping' in Punjab, cyber criminals seek ransom from pharma company

http://indiatoday.intoday.in/technology/story/digital-kidnapping-punjab-cyber-criminals/1/748289.html

Although often reported in America and Europe, where private companies have found themselves at the mercy cyber criminals sitting in eastern European or Asian countries, for India - and particular for Punjab - the case is unique.

The modus operandi and the aims of these cyber criminals instances are clear. They get into the computers of a company, put in a malware or virus and then lock the data with strong encryption. Their next move is to demand money in lieu of the data that they have captured.

Shri Dhanvantari Herbals too soon received the demand for ransom. The cyber criminals wanted the company to pay them using Bitcoins, the digital currency with current exchange rate of around Rs 40,000 for one Bitcoin. This currency, which is moved using P2P channels, leaves little trace and it is almost impossible for most law enforcement agencies to connect senders and receivers of Bitcoins. This is one of the reasons why it is the favourite way to trade for cybercriminals, especially in the dark net.

[marya jacklon]

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[ether19]

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