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Greek banks refuse to pay the ransom to hackers

01 December 2015 / 11:12:46  GRReporter
1154 reads

Greek banks are at risk of a hacker attack today too, having refused to pay the ransom of 50 bitcoin or 17,000 euro requested by the group Armada Collective. The hackers state that what happened on Thursday and Friday was just a trial run and the real attack is expected today, 1 December. As previously reported, on Thursday and Friday the internet banking pages of several banks were blocked for 45 minutes due to heavy traffic.
    The hackers are threatening to hack again the electronic banking system of the three major Greek banks today. But ... 25 highly qualified cyber experts from the Greek intelligence service, the service to combat electronic crimes and the Bank of Greece are "behind the corner", keeping  a close watch on them.
    Over the past two years, the group Armada Collective has threatened at least 20 banks worldwide and its most famous attack was against the email server of the scientists working on the CERN project in Switzerland. The group appeared in Greece last week for the first time when it sent emails to the executives of three major banks. In them the hackers warned that they would use the Distributed Denial of Service Attack system if they were not paid online the requested ransom, whose deadline expired yesterday, 30 November.
    A large number of payments will take place in Greece today, 1 December, and the hacker attack would cost the banks a lot and would provoke a feeling of great uncertainty among customers. "The ransom is not great, but in no case should we succumb to this kind of ultimatums and threats," one of the experts in the group to tackle the hacker attack told the newspaper Ethnos.
    Experts are confident that since Greece has introduced capital controls and a large part of payments have been carried out online, the internet systems of banks are at a very high level and will resist a hacker attack. Furthermore, the Bank of Greece has activated the emergency system that will further jeopardize the cyber attackers.

Tags: Hacker attackGreek banksRansom in bitcoinInternet bankingCyber specialistsBank of Greece
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