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WSJ: Travelex paid ransomware ring $2.3 million

It still took weeks for systems to come back online.
Travelex, currency exchange desk at Hong Kong International Airport. (Photo by: Jeff Greenberg/Universal Images Group via Getty Images)
Jeff Greenberg via Getty Images
Richard Lawler
Richard Lawler|@Rjcc|April 9, 2020 7:39 PM

Earlier this year Travelex made news after attackers shut down its computer networks. Now the Wall Street Journal is reporting new details about the incident, including how much the foreign exchange company paid to resolve its problem: $2.3 million in the form of 285 Bitcoin.

Travelex found itself crippled after a New Year’s Eve attack, and later confirmed in a statement that its network was offline due to the Sodinokibi ransomware, aka REvil. By January 13th it was updating customers on its recovery process and said January 17th that the first of its customer-facing systems were back up and running. That isn’t the end of its issues, however, as parent company Finablr announced today that it appointed a bank as an Independent Financial Advisor to “explore strategic options for the Company including a debt restructuring, capital raise or sale of assets.”

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WSJ: Travelex paid ransomware ring $2.3 million