Security Market Segment LS
Wednesday, 03 June 2020 11:31

Ransomware group takes MyBudget name off site, reason unknown Featured

By
Ransomware group takes MyBudget name off site, reason unknown Pixabay

The saga surrounding Australian money management firm MyBudget is yet to end, with the ransomware group which infiltrated its servers now removing the company's name from the site where it advertises the names of victims who have not acceded to its ransom demands.

The gang that had used the Mespinoza/Pysa Windows ransomware to attack MyBudget — a fact the company confirmed to iTWire on 29 May — had put up the company's name, with no data files below it at the time that story was published (graphic below).

But today, security sources have told iTWire that the attackers have now removed the company's name from their website.

iTWire contacted MyBudget to seek details on this development, but the company is yet to respond.

The company is also yet to say whether it will absolve clients of paying administration fees for the two weeks it was off the air.

The sources said that this removal of MyBudget's name from the Mespinoza/Pysa meant either that the company had paid a ransom or else said it would negotiate and asked for its name to be removed as a bargaining tactic.

mybudget2

Last week, MyBudget was listed on the Mespinoza/Pysa site.

"The problem with this is that, even if the ransom was paid, the company only has a pinky promise that the copy of the data will be deleted and not misused and that pinky promise is being made by criminals," the sources added.

MyBudget, a company that manages money for about 13,000 clients who are mostly from the not-so-wealthy ranks in Australia, went down on 9 May and stayed that way until 22 May.

The length of time it was offline could well indicate that it was not a single server that was under attack, but rather that the attackers were able to hit multiple servers.

MyBudget initially blamed unspecified malware and then changed its story to unspecified ransomware.

But when iTWire raised the issue on 29 May, the company finally came clean and admitted that the Mespinoza/Pysa ransomware had taken the servers offline.

MyBudget's clients pay a joining fee of $1100 and are then charged anything from $40 upwards a week.


Subscribe to ITWIRE UPDATE Newsletter here

GRAND OPENING OF THE ITWIRE SHOP

The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.

ENTER THE SHOP NOW!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments