US EditionDefying Hackers: Checkout.com’s Bold Stand Against Ransomware
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Defying Hackers: Checkout.com’s Bold Stand Against Ransomware
In a striking rebuke to cybercriminals, Checkout.com’s chief technology officer has turned a ransomware attack into an opportunity for advancement in cybersecurity. The London-based payment processor, recently breached by the notorious hacking group ShinyHunters, announced it would not pay the demanded ransom. Instead, the company pledged to donate an equivalent sum to academic institutions focused on combating cybercrime. The incident unfolded …
Checkout.com became the target of a cyberattack. Criminals gained access to a third-party cloud system that had been unused for years. However, the core infrastructure was spared. However, the hackers made demands. The payment service provider confirmed a security incident in which attackers could access the company's outdated systems. Affected was a third-party cloud storage that had been out of operation since 2020, as the company reported. Th…
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