Hackers Demand $1 Million in XRP after Breaching Two Canadian Banks

Hackers who stole the personal information of tens of thousands of customers from two Canadian banks are threatening to publish that data online unless the banks pay them $1 million in XRP.

Regional media outlet CBC News reports that the Bank of Montreal (BMO) and Simplii Financial were successfully breached over the weekend, allowing the hackers to access sensitive personal and financial information belonging to more than 90,000 customers. Stolen information included names, passwords, account numbers, security questions and answers, account balances, and social insurance numbers.

According to emails allegedly sent by the perpetrators, the hackers are holding that data for ransom and will dump it online unless the banks send them $1 million worth of Ripple’s XRP token, which is currently the fourth-largest cryptocurrency by market cap.

“We warned BMO and Simplii that we would share their customers informations if they don’t cooperate,” said the email, which appears to have been sent from Russia. “These … profile will be leaked on fraud forum and fraud community as well as the 90,000 left if we don’t get the payment before May 28 2018 11:59PM.”

The hackers explained that they were able to breach the banks’ sub-par security by using an algorithm to generate account numbers and then posing as customers who had forgotten their passwords.

Source
https://www.ccn.com/hackers-demand-1-million-in-xrp-after-breaching-two-canadian-banks/