There has been a breach on the website of Johannesburg, South Africa, and the hackers are demanding the ransom in bitcoins.
The foremost priority of the authorities is to prevent any leak of information. For this, the cybersecurity experts have taken steps to reinforce the security measures and minimize the potential impacts of information leaks.
According to the announcement, the investigation would take around 24 hours during which the customers would not be able to use the e-services or use the call center or customer’s services centers. The hackers, who are calling themselves “Shadow Kill Hackers” took the responsibility for the act and demanded 4 BTCs in ransom. In case the ransom isn’t paid by the 28th of October, the hackers have threatened that they will upload any sensitive data on the internet.
To counter the threats, the cybersecurity experts have launched an investigation but handling the situation with care is of utmost importance due to the threats of the hackers. However, if the ransom is paid, the hackers claim that they will ethically tell the IT department how they hacked the website and what security holes should be fixed for future reference. The hackers wrote:
If you don’t pay on time, we will ipload the whole data available to anyone on the internet. If you pay on time, we will destroy all the data we have, and we will send your IT a full report about how we hacked your systems and your security holes.
They also gave an email at the end of the note in case there was any confusion and there was a need to contact. The detailed note by hackers is shown below:
The aforementioned incident is an example of the illicit activities that the SEC, Congress and other regulatory authorities are concerned about. With crooked people using crypto to their advantage, the list of cons also tries to fill up side by side with the pros.
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The requirement here is that policies and regulations should be made that monitor all these activities along with potential money laundering incidents and terror financing along with other scam ICOs and projects while keeping the decentralized nature of cryptos intact.
If the integrity of blockchain and cryptos get disturbed, then they’ll end up to be just fiat money in digital form so the aim here should be to make a cashless system that does not depend on banks and other middle entities.