PGA Championship Hit with Bitcoin Ransom Attack

PGA Championship Hit with Bitcoin Ransom Attack

Hackers have set theireyes on the PGA Championship’s computer system in the latest cyber heist, demanding a Bitcoin ransom.

According to Newsmax, the PGAs computer system suffered a security breach leaving some files inaccessible unless a Bitcoin 00 ransom is paid. While viewers are glued to their screens, the PGA will be hard at work resolving the problem.

While the payment amount is unclear, the threat is not. Tuesday saw workers trying to access these files only to be met with the following message:

Your network has been penetrated. All files on each host in the network have been encrypted with a strong algorythm [sic]. We exclusively have decryption software for your situation. No decryption software is available in the public.

While the hackers were kind enough to leave a wallet number and the promise of decrypting two files as a test, PGA officials have allegedly declined to pay the ransom.

No Fix in Sight

Golfweek reported that the files affected were linked to promotional material such as banners and logos for both the PGA Championship and the upcoming Ryder Cup. While this may not necessarily affect the outcome of the tournament, it is a major inconvenience to technical staff, as well as those responsible forcreating the material.

In order to try and salvage the files, the association has called on the assistance of an external IT team.

The PGA has made no public comment thus far as the issue is not yet resolved.

Not the First Bitcoin Ransom Requested

Ransomware attacks with Bitcoin as the preferred payment are, of course, not new to the industry. From hospitals to government agencies, a range of sectors and industries have been affected. Cryptocurrency critics might, therefore, get their pitchforks and torches ready to fight against the supposed threat of the digital currencies and the alleged complete anonymity that they provide.

Each Bitcoin transaction is traceable, immutable and ready to be viewed on a public ledger. Because of this traceability by the DEA,for example, authorities have been able to ascertain that while Bitcoin may have been the currency of choice for dodgy deals a few years ago, only 10 percent of its transactions this year have been linked to criminal activity.

Do you think that the PGA should pay the Bitcoin ransom? Let us know in the comments below!

Images courtesy of Shutterstock

The post PGA Championship Hit with Bitcoin Ransom Attack appeared first on Bitcoinist.com.

10.08.2018 / 02:10 29
Bitcoin Ransomware Creators Avoid Jail Time for $11,000 Heist Bitcoin Ransomware Creators Avoid Jail
Two brothers convicted of creating bitcoin ransomware and infecting more than 1,000 computers have narrowly avoided jail time and will instead
Australian Health Service Provider Asked to Pay $15,000 Bitcoin Ransom Australian Health Service Provider
Cyber attacks are a very big problem in day and age. In a lot of cases, such threats are designed to steal sensitive information from companies and
School District Forced to Pay $10,000 in Bitcoin Ransomware Attack School District Forced to Pay $10,000
The Leominster Public Schools District has become the latest victim of a Bitcoin ransomware cyberattack. The school district was forced to pay
Hackers Target Atlanta Government Computers, Bitcoin Ransom Demanded Hackers Target Atlanta Government
A group of hackers are demanding payment in Bitcoin to unlock computer systems they were able infiltrate in Atlanta. Yesterday’s ransomware attack
Hackers Are Stuffing Monero Ransom Notes Inside DDoS Attacks Hackers Are Stuffing Monero Ransom
Privacy-centric cryptocurrencies like Monero (XMR) are attractive to cybercriminals, who’ll seemingly do anything to get paid. Following a
First Bitcoin Cash Ransomware Makes It Impossible to Decrypt Files First Bitcoin Cash Ransomware Makes It
Ransomware extortionists have seemingly started using Bitcoin Cash (BCH) for ransom payments as well, according to a report published by Bleeping
Comments (0)
Add a comment
Comment on