Hackers lured millions of dollars from British jewelers for silence

British jewelry house Graff paid hackers a ransom of $7.5 million for leaking data about the bitcoin exchange:

The British jewelry house Graff Diamonds paid 7.5 million dollars in bitcoins as a ransom to the hacker group Conti. The money had to be paid for silence: otherwise hackers threatened to disclose personal information of private clients of the company. This is reported by Bloomberg.

The agency points out that the Conti ransomware group is behind the attack, some of whose participants may be in Russia. Graff sued the insurance company Travelers, which refused to cover the losses associated with extortion. The attack on the jewelry house occurred in the fall of 2021. Then the hackers got data on the royal families of Saudi Arabia, the UAE and Qatar. The extortionists demanded money and threatened to reveal even more information.

Bitcoin from TradingView, hackers initially demanded $ 15 million in bitcoins from Graff, but then lowered the requirements and agreed to 7.5 million.

In November 2021, when the cryptocurrency exchange rate was high, $7.5 million was approximately 118 bitcoins. After the subsidence of bitcoin, the same 118 coins are now worth less than $ 2.3 million.

In 2021, with the help of ransomware, cybercriminals attacked the financial corporation CNA Financial, the largest US pipeline system Colonial Pipeline and the American division of the meat producer JBS. As a result, CNA paid hackers a ransom in bitcoins in the amount of $ 40 million, Colonial Pipeline gave the criminals $ 4.4 million, and JBS — $ 11 million.