Revolut Reportedly Facing $3m Ransom Demand After Hackers Steal Customer Data
Fintech giant confirms hackers posing as Italian government officials accessed personal details of hundreds of cryptocurrency customers.
Revolut, Europe's largest financial technology company, is reportedly facing a $3m (£2.2m) ransom demand after hackers accessed the personal data of hundreds of its cryptocurrency customers, according to the Guardian.
The company confirmed last weekend that it had fallen victim to an impersonation scam in which attackers compromised an Italian government email system to contact Revolut staff and request personal customer information, the report said.
One affected customer told the Guardian he feared for his safety following the breach, though further details of the threats he described were not disclosed in the report.
The Guardian reported that hackers used the compromised government channel to pose as officials, a tactic that allowed them to extract sensitive personal details from Revolut employees before allegedly demanding a ransom payment in exchange for not releasing or misusing the stolen data.
Revolut has not publicly detailed the exact number of customers affected or the full scope of data compromised, according to the report. The company has acknowledged the impersonation scam but has not confirmed the specific ransom amount cited in the report.
The incident adds to a growing list of cyberattacks targeting financial technology firms, which handle large volumes of sensitive customer and financial data. Revolut, which operates across Europe and has expanded into cryptocurrency services, has not yet detailed what steps it is taking to support affected customers or prevent future breaches, based on available reporting.
Sources
- Revolut reportedly facing $3m ransom demand after hackers steal hundreds of customers’ data — The Guardian — Business
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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