Greece says hackers hit banks with bitcoin ransom demand

Greece’s central bank has been on alert following reports of cyberattacks against three Greek banks. Sources say hackers had demanded a ransom to be paid in the bitcoin electronic currency.

Greek police said Monday that a group calling itself Armada Collective had demanded units of the virtual currency bitcoin, redeemable for hundreds of thousands of euros, or else it would disrupt the banks’ websites.

“It was a serious threat,” an unnamed Bank of Greece official told the AFP news agency.

Officials from the unnamed banks said the institutions had refused to pay and instead alerted authorities. It’s not unprecedented for hackers to make ransom demands with the threat of cyber attack. For the full article click here 

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