Checkout.com Turns Cybercrime Fumble into Win: Donates Ransom to Fight Hackers
Checkout.com faced a data breach after hackers targeted a legacy system. However, the payment processing platform remained unaffected. Checkout refuses to pay the ransom and will instead donate the amount to support cybersecurity research. Talk about turning lemons into… well, a hefty donation to fight cybercrime!
Hot Take:
It seems Checkout.com has taken “retail therapy” to a whole new level. Instead of paying the ransom, they’re spending their cash on cybercrime research. Talk about turning lemons into lemonade! Maybe the hackers should have asked for a coupon instead?
Key Points:
- Checkout.com experienced a data breach via a legacy third-party cloud system.
- ShinyHunters, a known extortion group, claimed responsibility.
- No merchant funds or card numbers were accessed in the breach.
- Checkout.com refused to pay the ransom and instead is donating funds to cybersecurity research.
- The company has reported the breach to law enforcement and regulators.
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