Per Reuters, travel management firm CWT, which pulls in annual revenues of $1.5 billion, paid anonymous hackers 414 bitcoin this week in response to a ransomware attack that led to the theft of piles of company documents and left tens of thousands of company devices offline.
The attackers used a ransomware technology known as Ragnar to encrypt company files, rendering them inaccessible to the company's employees, according to documents seen by Reuters. CWT paid the ransom on July 28 to decrypt the files and regain access to some two terabytes of information, including employee data, financial documents and other information.
