Extortionists demanded $800k in bitcoin after hacking into Detroit database, city balks
Hackers reportedly seized a database from the City of Detroit, demanding 2000 BTC (worth at the time approximately $803,000) for its release.
The incident took place in April but only came to light in recent days. Mayor Mike Duggan made the revelation at the North American International Cyber Summit, which brings together Cybersecurity Cybersecurity Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer Read this Term experts to discuss the latest issues.
The city refused to give in to the hackers' demands, mainly because the database was outdated and no longer needed- perhaps the grand irony, seeing that poor maintenance may have allowed for the attack in the first place. Duggan said the incident was a wakeup call to store critical information more securely and to upgrade its aging infrastructure:
"It was pretty disturbing what I found. I found the Microsoft Office system we had was about 10 years old and couldn’t sync the calendar to my phone."
The Michigan state government is reportedly hit with 500,000 attack attempts each day.
Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term is an ideal currency for extortionists looking to cover their tracks, their latest targets being government agencies. Several days ago, a Tennessee Sheriff’s Office had no choice but to pay a $500 bitcoin ransom to release critical files.
For Detroit, the incident is the latest in a tale of misery and mismanagement. The city has lost half its population since 1950, its former mayor is in jail and it has filed the largest municipal bankruptcy in US history.
Hackers reportedly seized a database from the City of Detroit, demanding 2000 BTC (worth at the time approximately $803,000) for its release.
The incident took place in April but only came to light in recent days. Mayor Mike Duggan made the revelation at the North American International Cyber Summit, which brings together Cybersecurity Cybersecurity Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer Read this Term experts to discuss the latest issues.
The city refused to give in to the hackers' demands, mainly because the database was outdated and no longer needed- perhaps the grand irony, seeing that poor maintenance may have allowed for the attack in the first place. Duggan said the incident was a wakeup call to store critical information more securely and to upgrade its aging infrastructure:
"It was pretty disturbing what I found. I found the Microsoft Office system we had was about 10 years old and couldn’t sync the calendar to my phone."
The Michigan state government is reportedly hit with 500,000 attack attempts each day.
Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term is an ideal currency for extortionists looking to cover their tracks, their latest targets being government agencies. Several days ago, a Tennessee Sheriff’s Office had no choice but to pay a $500 bitcoin ransom to release critical files.
For Detroit, the incident is the latest in a tale of misery and mismanagement. The city has lost half its population since 1950, its former mayor is in jail and it has filed the largest municipal bankruptcy in US history.