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Hackers breached the security at a Liechtenstein bank, now ask for ransom

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November 29, 2016

It's reported today that hackers have successfully breached the security at a Liechtenstein bank and are now blackmailing bank customers by threatening to release their account data if ransoms are not paid.

It's alleged that the miscreants obtained account data from Chinese owned Valartis Bank Liechtenstein siphoning information on clients including politicians, actors, and wealthy individuals across Germany and elsewhere.

Hackers are demanding up to 10 percent of account balances paid in Bitcoin for the information to be withheld.

The attackers are threatening to release the data to various authorities and media if ransoms are not paid by December 7, 2016.

The bank in question didn't immediately respond to a request for comment from us. Director Andreas Insam said he has alerted the authorities and that several investigations are ongoing.

No less than three letters published by the publication claim several gigabytes of bank account data and correspondence has been taken in the last four to six weeks.

Written in German, the various letters attempt to threaten the victims with revealing alleged tax evasion, adding that Bitcoin payments will protect both the attackers and victims who decide to pay the hackers.

The miscreants accused the bank board of not paying them for security services, likely bug poaching rather than legitimate testing, claiming their "intention is not to harm" and have to "resort to" extortion.

The site bild.de has blocked out the Bitcoin addresses so it is not yet possible to track if any ransoms have been paid, at least not yet.

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