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Brazil’s BRB Bank Pays 50 BTC After Being Targeted by a Ransomware Attack


On October 3, the Financial institution of Brasilia, a Brazil-based financial institution managed by the federal government, fell sufferer to ransomware for which a gaggle of hackers demanded 50 BTC as a reward for not leaking its customers’ knowledge.

In accordance with native media Tecmundo, one of many hackers known as “Crydat” contacted them to tell them that the Financial institution needed to pay the equal of 5.2 million Brazilian reais earlier than 15:00 on October 06.

The Financial institution of Brasilia has not formally commented on the hackers’ calls for. Nonetheless, the case is being investigated by the Federal Police’s Particular Police Division for the Suppression of Cybercrime.

Hackers Used The LockBit “Excessive-Finish” Ransomware

In accordance with nameless sources interviewed by Tecnomundo, the hackers used the “LockBit” ransomware belonging to one of many largest worldwide ransomware teams, which operates underneath the identical title as its software program. As of the start of 2021 Lockbit had focused practically 350 organizations throughout the globe.

Supply: Twitter

The LockBit ransomware group is likely one of the main prison gangs devoted to info theft and extortion of huge corporations, working from the shadows since 2019. At present, the group has been liable for 40% of all ransomware assaults following the takedown of the Conti group.

Not too long ago, the group upgraded its LockBit ransomware to model 3.0. In addition they supply a bounty program of as much as $1 million (which could be paid by way of the privacy-oriented cryptocurrency Zcash) to those that report vulnerabilities, enchancment concepts, and different actions.

This prison group has carried out a number of assaults in Mexico, Venezuela, Peru, Panama, and Argentina, the place they just lately attacked OSDE: a healthcare providers community created in 1972, from which they extracted about 140 gigabytes of details about sufferers, docs, and associates, demanding the cost of $300K in crypto to maintain the secrecy of the locked knowledge. Nonetheless, OSDE apparently didn’t make the cost, and the group printed all the knowledge on its web site.

In Brazil, Many Criminals Use Cryptocurrencies

Brazil is likely one of the Latin American international locations with probably the most cryptocurrency scams, to such an extent that the Brazilian justice system has needed to work with the FBI and the CIA to strengthen its particular forces and enhance its monitoring strategies.

In accordance with knowledge printed by the SonicWall evaluation platform, since 2021, Brazil has turn into one of many most well-liked locations for ransomware teams. Throughout that yr, hackers managed to steal greater than $33 million in bitcoin and different cryptocurrencies, putting Brazil among the many high 4 international locations most affected by ransomware.

Top 10 countries with the highest volume of ransomware during 2021, Source: SonicWall
High 10 international locations with the best quantity of ransomware throughout 2021, Supply: SonicWall

Even a survey performed by cybersecurity agency Kaspersky revealed that 56% of Brazilian corporations had suffered a ransomware assault, with 80% assuring that they received’t be keen to pay any ransom.

Nonetheless, 78% of organizations which have been attacked indicated that in the event that they had been attacked once more, they might pay ransom for his or her knowledge. This appears to comply with the final pattern noticed amongst ransomware victims in different international locations.

Though it isn’t appropriate to pay the hackers since it might be financing a prison group, the disclosure of non-public info held by banks might economically have an effect on hundreds of thousands of customers. It’s, due to this fact, difficult to weigh the steadiness on this case.

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