From securityboulevard.com
As well reported, UK foreign exchange firm Travelex business operations were brought to a standstill after its IT systems were severely hit by the Sodinokibi ransomware at the start of the year. It was reported that REvil group were behind the attack and had stolen 5Gbs of customer personal data, and then demanded $6 million (£4.6m) in ransom. The Wall Street Journal reported in April 2020 that Travelex had reached a deal, paying $2.3 million (£1.84m) in Bitcoin to the cybercriminals. This sort of response incentivises future ransomware activity against all other businesses and could lead to an inflation of future cyber-extortion demands in my opinion.