The world's largest foreign currency exchange, Travelex, is
offline. It's been offline for nearly two weeks, since December 31, 2019, when
the company discovered a breach by hackers.
Travelex; currency exchange |
Worse: The hackers claim to have 5 GBs of "valuable
customer data" that they intend to sell if Travelex doesn't pay them $6
million by January 14, according to the BBC . That data includes birthdates,
credit card information, and more, the hackers said.
The virus in question is reportedly the Sodinokibi ransom ware, also known as REvil. The virus, in its broadest function, is used to encrypt data and demand a ransom in order to unlock said data. The hackers said they had access to Travelex's systems for half a year before being detected.
While its systems are offline, Travelex outposts have been
using pen and paper to conduct transactions. Employees are calculating currency
exchange by hand, using rates provided each morning by the company's central
office. Several banks including Barclays, Royal Bank of Scotland, and HSBC have
been impacted by Travelex going offline, and aren't able to complete foreign
currency exchange orders.
Since discovering the hack on New Year's Eve, Travelex says
it "has been able to restore a number of internal systems," and it's
"working to resume normal operations as quickly as possible."
It's unclear if the company will pay the ransom, nor is it
clear if Travelex customers can do anything to protect their data. Travelex
representatives did not respond immediately to Business Insider's request for
comment.
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