The Federation of Sovereign Indigenous Nations (FSIN) in Canada has recently paid off a hacker $20,000 worth of BTC for stealing vital information from the company.
The hacker held the data for ransom from as far back as May according to Livebitcoinnews.com, demanding $100,000 for the return of the stolen information.
The hacker apparently gained access to the FSIN email system as well as accessing internal files, these included internal land claims and files on young athletes. The hacker also stole FSIN employee health claims, treaty card numbers and social insurance information. The hack remained unnoticed for some time before the hacker eventually made contact with FSIN demanding $100,000 in BTC as ransom.
FSIN decided to pay the ransom after negotiating the price down to $20,000. Following the payment of the ransom, FSIN have since hired a company that specializes in cybersecurity.
Cyber hacking for ransom continues to be a sore point for online operations across the world, as businesses continue to pay the ransom to have their vital information restored.