Cyber criminals launched a ransomware attack on Travelex that has left the business in turmoil, with employees reduced to working with pen and paper. You repeating their scenario one to one." Cyber-attacks however carry the implication that your downtime was caused by a lack of competence or care. Read the story of Travelex, it's very instructive. If the cyber criminals that launched the attack are to be believed, they possess the dates of birth, credit card information and national insurance numbers of scores of Travelex customers. However, to spend abroad at top rates with no fees, your best bet is a specialist overseas debit or credit card – we've … Travelex reportedly paid hackers $2.3 million to regain access to its own computer systems after they were compromised in a ransomware attack that was discovered on New Year’s Eve. Banks that use Travelex to run their foreign exchange services are still unable to sell travel money after a massive cyber-attack which happened two weeks ago. Travelex was hit by a ‘ransomware’ attack on New Year’s Eve, when cyber attackers froze its network and demanded $6m to unlock it. Travelex hack: how a cyber attack by Sodinokibi ransomware hit the travel money firm – and what it means for you The hackers are threatening to … The alleged hackers told the BBC they had accessed 5GB of data, including dates of birth, credit card numbers, and national insurance numbers and were threatening to leak it unless they … If you do not yet have a Cyber Incident Response and Disaster Recovery Plan in place, now is the time to do it. Travelex reiterated Monday that it did not believe any data has been compromised in the attack. We'll have more on the Travelex ransomware attack in a minute. Recent headlines highlight the cyber security woes Travelex has suffered, and continues to suffer. Ransomware was a major problem in 2019 and shows no signs of declining for 2020. The ransomware, deployed by a group calling itself Sodinokibi , included a note demanding a seven-figure ransom in return for a key to recover the data encrypted by the ransomware. The first big cyber attack of 2020 shows only too clearly how companies like Travelex can hit the headlines for all the wrong reasons. Customers and partners of the currency-exchange giant Travelex suffered serious disruption on New Year’s Eve due to a ransomware attack against the firm’s systems. And they also ranted that the law firm is faced with a tough choice and no good options: "Grubman, we will destroy your company to the ground if we don't see the money. But unlike the examples set by Norsk and Maersk, Travelex is rapidly becoming a … And although Travelex’s Abu Dhabi-based parent company, Finablr, has played down any financial impact, there has been a fall in share price and a sell off by some investors. 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