Checkout.com Stands Strong: Refuses Ransom, Invests in Cybersecurity After ShinyHunters Breach
UK fintech company Checkout confirmed that ShinyHunters breached a legacy cloud storage system, affecting merchant data. Despite the ransom demand, Checkout won’t pay up; instead, they’ll strengthen security and donate to cybercrime research. Note to hackers: you can’t cash in on clout if the company takes the moral high ground!
Hot Take:
Looks like Checkout.com is taking a page from the “turn lemons into lemonade” playbook. Instead of succumbing to cyber extortion, they’re opting to donate to academia and beef up their defenses. ShinyHunters might want to brush up on their extortion tactics because this time, the joke’s on them!
Key Points:
- Checkout.com has been breached by the ShinyHunters threat group.
- The breach involved a legacy cloud storage system containing data from 2020 and earlier.
- Checkout.com has decided not to pay the ransom and will donate the equivalent amount to cybersecurity research.
- The breach affects less than 25% of Checkout’s current merchant base, but also past customers.
- Checkout is committed to strengthening its security measures to prevent future incidents.
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