By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
FinOracle
  • Finance
  • Crypto
  • Technology
  • More
    • Predictions
    • Financial reports
    • Opinion
    • SWOT
Notification
  • HomeHome
  • My Feed
  • My Interests
  • My Saves
  • History
Personalize
FinOracleFinOracle
Font ResizerAa
  • HomeHome
  • My Feed
  • My Interests
  • My Saves
  • History
Search
  • Quick Access
    • Home
    • Contact Us
    • Blog Index
    • History
    • My Saves
    • My Interests
    • My Feed
  • Categories
    • Economy
    • Travel
    • Gossip
    • Business
    • Fashion
    • Health

Top Stories

Explore the latest updated news!
Inside the Technology Behind ICE's Intensified Deportation Operations | FinOracle

Inside the Technology Behind ICE’s Intensified Deportation Operations

Convenience Stores Gain Ground on Fast-Food Chains in Breakfast Market | FinOracle

Convenience Stores Gain Ground on Fast-Food Chains in Breakfast Market

OpenAI and Microsoft Agree on Restructuring Plan for For-Profit Arm | FinOracle

OpenAI and Microsoft Agree on Restructuring Plan for For-Profit Arm

Stay Connected

Find us on socials
248.1kFollowersLike
61.1kFollowersFollow
165kSubscribersSubscribe
Made by ThemeRuby using the Foxiz theme. Powered by WordPress
Technology

Overseas Hackers Demand Ransom From Columbus, Threaten Data Leak

Lilu Anderson
Last updated: 07.08.2024 8:08 am
By Lilu Anderson
Share
Overseas Hackers Demand Ransom From Columbus, Threaten Data Leak | FinOracle
Photo: Finoracle.net
SHARE

Cybersecurity Incident in Columbus: Foreign Hackers Demand Ransom

COLUMBUS, Ohio — Less than a month ago, the City of Columbus experienced a significant cybersecurity incident involving a foreign hacker group. The attackers, who claim to be part of an organization called Rhysida, are threatening to auction off stolen data unless the city pays a ransom.

Contents
Cybersecurity Incident in Columbus: Foreign Hackers Demand RansomDetails of the AttackExperts Weigh InRansom Demand and Potential ImpactCity's Response and Ongoing InvestigationFuture Implications

Details of the Attack

On July 29, the city released a statement detailing that a foreign cyber threat actor attempted to disrupt the city’s IT infrastructure. The potential goal was to deploy ransomware, a type of malicious software designed to block access to data until a ransom is paid. The hacker group, Rhysida, claims to have stolen 6 terabytes of data, including passwords, internal logins, and servers for emergency applications.

Experts Weigh In

Trent Milliron, CEO of Kloud9 IT, emphasized that cybersecurity attacks are the fastest-growing crimes currently. He noted that governments, particularly city governments, are often targeted because they may lack the resources or investment in cybercrime prevention. Milliron believes the hackers are likely from Russia, Ukraine, China, or North Korea. He pointed out that there are no significant repercussions for these attackers in their home countries.

Ransom Demand and Potential Impact

The group has demanded a ransom of 30 bitcoin, roughly $2 million, threatening to sell the stolen data on the dark web if the ransom is not paid. The stolen data likely includes personally identifiable information such as social security numbers, bank account information, and other sensitive data, particularly related to payroll.

City's Response and Ongoing Investigation

The City of Columbus, in partnership with cybersecurity experts, the FBI, and Homeland Security, is actively investigating the incident. They have also offered Experian credit monitoring for all city employees receiving paychecks as of August 1. This service includes credit monitoring, identity theft restoration and insurance, and dark web monitoring for two years. Employees will receive instructions on how to enroll in these services, which will cover incidents dating back to July 18.

Future Implications

Milliron predicts that such attacks will continue to occur, given the lack of substantial penalties for cybercriminals. He suggested that stricter regulations and penalties might be necessary to deter future incidents.

TAGGED:AIARBankBank accountBitcoinByteCESChinaCoinColumbus, OhioCreditCrimeCybercrimeCybersecurityDark webDataDatingDemandDesignExperianExperienceFutureGoalGovernmentHacker groupIdentity theftInformationInfrastructureInsuranceInvestmentIonIronKoreaLeaseLoginNorth KoreaOhioOrganizationPartnershipPasswordPotentialRansomwareRegulationResourceRussiaSECSecuritySocial Security numberSoftwareStructureTheftThreat actorUkraineUSWar
Share This Article
Facebook Copy Link Print
Lilu Anderson
ByLilu Anderson
Lilu Anderson is a technology writer and analyst with over 12 years of experience in the tech industry. A graduate of Stanford University with a degree in Computer Science, Lilu specializes in emerging technologies, software development, and cybersecurity. Her work has been published in renowned tech publications such as Wired, TechCrunch, and Ars Technica. Lilu’s articles are known for their detailed research, clear articulation, and insightful analysis, making them valuable to readers seeking reliable and up-to-date information on technology trends. She actively stays abreast of the latest advancements and regularly participates in industry conferences and tech meetups. With a strong reputation for expertise, authoritativeness, and trustworthiness, Lilu Anderson continues to deliver high-quality content that helps readers understand and navigate the fast-paced world of technology.

Related Stories

Uncover the stories that related to the post!
SEC pushes Bitcoin ETF approval deadlines to early 2024 | FinOracle
Bitcoin

SEC pushes Bitcoin ETF approval deadlines to early 2024

Broadcom's Path to Joining the  Trillion Club | FinOracle
Artificial Intelligence

Broadcom’s Path to Joining the $1 Trillion Club

TravelSky Technology: Stock Retreats 36% As Earnings Capture Investors' Attention | FinOracle
Stock Market

TravelSky Technology: Stock Retreats 36% As Earnings Capture Investors’ Attention

NEST Center: Biotech's Big Leap | FinOracle
Business

NEST Center: Biotech’s Big Leap

Retail Giants Walmart, Target, Home Depot Set to Dominate Stock Market | FinOracle
Stock Market

Retail Giants Walmart, Target, Home Depot Set to Dominate Stock Market

OpenAI Gains Microsoft’s Support to Convert For-Profit Arm into Public Benefit Corporation | FinOracle
Technology

OpenAI Gains Microsoft’s Support to Convert For-Profit Arm into Public Benefit Corporation

MLB Betting Promos & Apps: Claim Opening Day Bonus Bets | FinOracle
Shopping

MLB Betting Promos & Apps: Claim Opening Day Bonus Bets

Crypto Startup Funding Surpasses 0B Milestone | FinOracle
Bitcoin

Crypto Startup Funding Surpasses $100B Milestone

Show More
FinOracle

Ready for Core Web Vitals, Support for Elementor, With 1000+ Options Allows to Create Any Imaginable Website. It is the Perfect Choice for Professional Publishers.

  • Categories:
  • Fashion
  • Travel
  • Sport
  • Adverts

Quick Links

  • My Feed
  • My Interests
  • History
  • My Saves

About US

  • Adverts
  • Our Jobs
  • Term of Use

© 2025 All Rights Reserved. Design & Developed By Selentium Group AG

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Not a member? Sign Up