Banco de Costa Rica threatened by hackers who promise to disclose user data

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A group of hackers identified as “Maze Ranzomware” claims to have access to the Banco de Costa Rica (BCR) systems from which they have extracted millions of data related to customer accounts and credit cards. Cybercriminals are demanding a ransom or the information they have is posted on their website.

Last Friday, the BCR issued a statement denying that its security system had been the subject of hacking or computer theft, and even assured that it had carried out a thorough review of its technology platform. “We are also activating our protocols, including links to other specialized national and international organizations, and it has been determined that this is an attempt at extortion,” the statement said, released by the local media.

However, the hacker group claims that it has attacked the Banco de Costa Rica twice in the past eight months. They show that through social networks The first time they compromised the financial institution’s network was in August 2019if credentials and other confidential information have been stolen. They then attacked last February and now reappeared, leaving a number of posts on social networks.

“This information is easily sold in the dark market and earns a few million dollars. However, the Maze team does not sell private information to the dark market and does not steal money from users. We try to make people and financial institutions aware of poor security “We are trying to focus on the security breaches that affect not only BCR Bank, but other financial institutions whose credit card has been processed by BCR Bank,” the Hacker Group publication said.

Security bank Costa Rica
Hackers require the Banco de Costa Rica to install high security systems in their network. Source: Pete Linforth / pixabay.com

Given the time the financial institution had to respond to its requests and the inactivity of the company’s managers, this remained the case The group decided to publish 240 credit card numbers without the last four digits. Among other things, hackers are demanding that the bank install high-security systems to protect their network.

Banks against Bitcoin

The Facebook scandal in March 2018, when Trump Analytical consultant Cambridge Analytica was given access to data from 87 million social media users, has shocked the public and has since debated the importance of protecting the privacy of People.

However, the banks were often on the sidelines of this debate and made it clear that data protection still has tasks to do to establish stricter rules than these Ensuring the protection and security of personal data.

Banks are responsible not only for protecting their customers’ money, but also for protecting their personal information, and although they provide compensation for the movement of their funds, never notice how they use private data;; The challenge then is to determine how financial institutions can give consumers more control over their data and better disclosure about how they use citizens’ personal data.

Since the world knows Bitcoin and other crypto assets, the need has been questioned that citizens have to rely on banks to exchange values Many people have found that becoming an own bank is also an option.

Bitcoin with its decentralized network represents a new value relationship that is in contrast to that traditionally offered by banks. It represents more power than the assets and private data that are part of the offer of decentralized alternatives Allow the user to work privately and transparently.

In order to be able to work in the Bitcoin network, no personal data need to be provided. Therefore, at first glance it cannot be known who owns the wallet. Network users have an address (public key) that is not identified by a name, and there is no way to assign an address to a person unless that person decides to provide their address. To learn more about Bitcoin, visit Cryptopedia.

On the other hand, in the eleven years that Bitcoin has, there is no one who has hacked its blockchain. There is no central server that manages credits, passwords or user names. In addition, each user has their own key (private key) with which only money can be transferred.

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