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Travel Management Company CWT Pays $4.5M Bitcoin to Hackers

Published 08/02/2020, 10:21 PM
Updated 08/04/2020, 12:20 AM
Travel Management Company CWT Pays $4.5M Bitcoin to Hackers

U.S.-based corporate travel firm CWT paid $4.5 million in a Bitcoin ransom to hackers who stole sensitive files from the company.

According to a July 31 report from Reuters, representatives from CWT (formerly Carlson Wagonlit Travel) paid ransomware hackers 414 Bitcoin (BTC) on July 27 — roughly $4.5 million at the time — over two transactions. Blockchain data shows the criminals transferred the funds to a different address within an hour.

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