Big Travel Firm CWT Pays $4.5 Million Bitcoin Ransom to Hackers

Bitcoin.com | Aug 2, 2020 at 12:00 AM
  • CWT, one of the biggest travel companies in the U.S., this week paid $4.5 million in bitcoin to hackers who infiltrated the firm’s computer system, stealing sensitive corporate data.
  • The hackers initially demanded $10 million worth of bitcoin to restore CWT’s files and delete all the stolen data, but the firm, severely hit by the new coronavirus, could only settle for $4.5 million.
  • Ransomware attacks are reportedly costing businesses billions of dollars each year.