Don’t Pay Bitcoin Ransoms, South Korean Govt Tells Banks Facing DDoS Threats

The Financial Supervisory Service of South Korea has told local banks not to cave into threats by DDoS attackers following this month’s million-dollar bitcoin ransom paid by South Korean web hoster Nayana, the victim of a ransomware attack.

According to local reports, the Financial Supervisory Service (FSC) has sent official letters to a number of local financial companies on Monday, urging them not to yield to threats by DDoS attackers. The Korea Times reveals that infamous DDoS group, the Armada Collective, has sent threats to at least seven banks, some securities brokerages and the operator of the Korea Exchange last week. The seven banks include some of Korea’s largest lenders, namely: Shinhan, Kookmin, Woori, KEB Hana, Nonghyup, IBK, and KDB.

Read more here: http://www.altcointoday.com/dont-pay-bitcoin-ransoms-south-korean-govt-tells-banks-facing-ddos-threats/