Security News > 2020 > December > BlackShadow hackers extort Israeli insurance company for $1 million
Threat actors are extorting an Israeli insurance company by demanding almost $1 million in bitcoin to stop leaking the company's stolen data.
On Monday, a cybercrime group calling themselves 'BlackShadow' tweeted that they hacked into the Israeli Shirbit insurance company and stole files during the attack.
Last last night, the threat actors finally posted a ransom demand stating that Shirbit had 24 hours to send 50 bitcoins, or approximately $1 million, and they would stop leaking their data.
In October, a report by Profero and ClearSky Cyber Security details how an Iranian threat actor known as 'MuddyWater,' and linked to the IRGC, was planning destructive attacks against Israeli interests in September.
The Israeli cybersecurity firms could prevent MuddyWater's attacks in September, but further cyberattacks have been expected.