Dark

Bitcoin

Fortune

Cyber

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bravely-confronting-a-cyber-nightmare-cencoras-record-bitcoin-ransom-payment/" data-wpel-link="internal">Bravely Confronting a Cyber Nightmare: Cencora’s Record Bitcoin Ransom Payment</a> 
Some significant events reveal their details much later, and what Cencora experienced is remarkable. A report published by Bloomberg, based on familiar sources, along with research from Zach, presents intriguing insights. Ranked 11th on the Fortune 500 list, this pharmaceutical giant owns several large subsidiaries. So, what are the details surrounding the Bitcoin ransom payment? 
<h2 style="text-align: justify" id="record-bitcoin-ransom">Record Bitcoin Ransom</h2> 
In March, the company made payments in three installments, with an initial ransom demand of $150 million. The attack discovered in February resulted in data being compromised. In their quarterly report in July, Cencora documented cybersecurity costs. The attacking group, known as Dark Angels, received a $75 million payout against their $150 million demand. 
Chainalysis and Zscaler reported that the attackers received a substantial payment from on-chain activity. This historic $75 million ransom payment surpassed the $40 million paid by CNA Financial in 2021, positioning Cencora at the top of the list for the largest cyber ransom payment ever. 
Charles Carmakal, Chief Technology Officer of Mandiant Consulting, Google’s cybersecurity unit, mentioned that while such large payments are not common, they do occur without public knowledge. 
Information revealed that attackers accessed personal data, including names, addresses, birth dates, diagnoses, prescriptions, and medications belonging to clients in February. According to Chainalysis, the amounts of ransom payments have been increasing year on year, with average payments rising from $200,000 last year to $1.5 million in June. Reports indicate that total ransom payments in 2023 have already reached $1 billion, with even more payments made this year. 
<h2 style="text-align: justify" id="ransom-payment-addresses">Ransom Payment Addresses</h2> 
ZachXBT, a <a href="https://en.coin-turk.com/jamaica-pushes-to-overcome-challenges-with-its-digital-currency-jam-dex/" data-wpel-link="internal">crypto</a> crime detective, disclosed the addresses belonging to the attackers following the report. The fact that payment was made in three installments in March facilitated his identification of the attackers’ addresses. He stated the following: 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-389998 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/cencora-fidye.jpg" alt="" width="1000" height="779"> 
<blockquote> 
 “I think it’s unfortunate that a major public company like Cencora did not share BTC transactions related to their $75 million payment to the Dark Angels ransomware group, so I will publish them just for them. 
 296.5 BTC – March 7, 2024, 10:04 UTC 
 e3e203db2752edeb5bb716a77ed30f977bee70b06cefecd69d1c38921ad5d1b2 
 408 BTC – March 8, 2024, 7:45 UTC 
 db4a0742aa2fe67c20f02642bb776fb4140cf32beca43b7552435f5eddb58d92 
 387 BTC – March 8, 2024, 9:39 UTC 
 bf408baa4d6598a42a6852012fe412514ff7bb70ca8a94deb9865c9b46f19ddf 
 Additionally, all three addresses were funded from the same source, and the funds were transferred to addresses with high exposure to illegal funds.” 
</blockquote> 
The post <a href="https://en.coin-turk.com/bravely-confronting-a-cyber-nightmare-cencoras-record-bitcoin-ransom-payment/" data-wpel-link="internal">Bravely Confronting a Cyber Nightmare: Cencora’s Record Bitcoin Ransom Payment</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bravely Confronting a Cyber Nightmare: Cencora’s Record Bitcoin Ransom Payment

Table of Contents

COINTURK NEWS

Other articles published on Sep 18, 2024

NEIRO Surges 1,856% In 48 Hours Following Binance Listing – Can Pepe Unchained Repeat The Feat Af...

Cyber Attackers Compromise Prominent Brand Accounts

ABS Token Available on 3 Major Exchanges

It's time to update the SEC's disclosure process for crypto

K9 Finance to Launch Liquid Staking on Shibarium, Boosting SHIB Burns

Transformative impact: new report shows Google services contributed $16bn in economic activity to...

Join our free newsletter for daily crypto updates!