Check Point tracks Bitcoin ransom payments from new cyber attack to Iranian nationals
Dubbed Pay2Key, the sophisticated new ransomware encrypts an organization’s entire network in an hour, with 12 Israeli companies so far falling victim
Meir Orbach | 13:35 12.11.2020
Israeli cybersecurity giant Check Point Software Technologies Ltd. revealed a new type of ransomware, dubbed Pay2Key, that has footprints leading to Iran. The attackers have already succeeded in harming several Israeli companies, including a leading law firm and a tech company in the gaming industry. Data on the attacked companies has already made its way to the dark web, with the attackers demanding 7-9 Bitcoin in ransom (approximately $110,000 to $149,000). It is important to note that this is a new type of ransomware, different from the type that was recently used to attack Tower and Sapiens. Check Point experts determined that the hack was carried out through employees’ remote connection system. “This is a fast and sophisticated type of ransomware that encrypts entire organizational networks within an hour, while threatening to leak large amounts of data belonging to the targeted organizations to the darknet if the ransom isn’t paid,” read a company statement.