Israeli media : Shirbit declines to pay hackers as it faces further threats of leaked documents, increased ransom

Israel’s Shirbit insurance company, which has reportedly been the victim of an extensive data breach carried out by the Black Shadow group, refused to meet a 9 a.m. Sunday deadline to prevent more of the company’s information being released, Channel 13 reported and cited in The Jerusalem Post.

The company has consistently refused to meet the ransom deadline and comes just a day after the group had already released more documents containing the personal information of Shirbit employees and customers over the weekend.

“Included in the released documents are screenshots of WhatsApp conversations, ID cards, marriage certificates and financial documents,” reported the Post.

Previous negotiations held between Shirbit and Black Shadow also came to nought, as the hacker group released other information in its possession after those talks ended without resolution.

On Wednesday night, the hackers demanded that Shirbit send 50 bitcoin ($961,110) to their bitcoin wallet within 24 hours or they would face a double hit; the release of further data as well as the demand rising to 100 bitcoin ($1,922,220). If a further 24 hours was allowed to elapse, the demand would rise to 200 bitcoin ($3,844, 440).

“After that we will sell the data to others,” the hackers warned, maintaining that they would leak additional data at the end of every 24-hour cycle.

According to the Post, Black Shadow claimed credit for the attack in a tweet that read: “A huge cyberattack has been taken [sic] place by Black Shadow team. There has been a massive attack on the network infrastructure of Shirbit Company, which is in Israel economic sphere [sic].”

Source : I24 Israeli News