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PandaBuy pays ransom to hacker only to get extorted again
(www.bleepingcomputer.com)
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this post was submitted on 06 Jun 2024
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Not ransomware but just ransom to data exfil by a vulnerable API. But paying is still a dumb idea.
"Hi, I just sent the ransom payment to the Bitcoin address you provided.
"Now you'll unlock my data, right?
"...... right?"
Sure. Make it profitable to the hackers to keep doing it.
If the alternative is "likely go out of business", then yeah...
They already made it profitable for the hackers by not backing their data up properly, this is just that bill coming due.