Hanatour breached, hacker demands Bitcoins

Hacker stole personal data of largest South Korean travel angency clients and demand ransom in Bitcoins
20 October 2017   1298

The hacker breached the system of the largest travel agency of South Korea Hanatour and kidnapped personal information of more than a million customers. This is reported by the KBench.

For the return of data, the hacker demanded a one-time ransom in bitcoins. The amount of the ransom was not disclosed.

According to information from the travel agency, the hacker was able to crack the security system through complex phishing attacks and the spread of malicious software. So the attackers got access to the servers of the company, which kept the names, mobile phone numbers, social insurance, home addresses and other information of the travel company's clients.

As reported by CoinJournal, in the upcoming weeks, Hanatour will join forces with government agencies and cybersecurity companies to investigate the attack. Considering the involvement of the South Korean law enforcement, it is highly unlikely that Hanatour will pay the Bitcoin ransom.

Hanatour is considered South Korea’s largest and most reputable travel agency when measured on revenue, client base and reviews. Since 2007, the company has aggressively moved into new international markets, establishing offices in popular tourist destinations including Japan and China.

Lightning Labs to Raise $10M

As reported, the raised funds will be allocated to enforce the team with developers and commercial speciaslists
06 February 2020   301

Lightning Labs attracted $ 10 million investment during the A-series financing round, and also introduced a beta version of its payment service for outlets that work with bitcoin.

If bitcoin is going to reach its potential as a viable global currency, it’s going to need to scale beyond the base layer. Similar to how Visa relieves banks from handling all fiat currency traffic, Lightning relieves the base bitcoin chain from handing all transactions, thus bring more speed and fee efficiency to the network.

 

Brian Murray

Managing Director at Craft Ventures

With the help of the raised funds, the company intends to hire more developers and commercial specialists, so that it will be able to convey the applied solutions to users. In 2018, Lightning Labs unveiled a beta version of its LND scaling solution and received $ 2.5 million investment from several investors, including Twitter CEO Jack Dorsey and Litecoin creator Charlie Lee.

Now a beta version of the new Lightning Loop service has been launched, with the help of which outlets can more effectively manage payment channels and maintain liquidity in them. Several customers have already become interested in this tool, including the developer of the Fold shopping application, which processed approximately 1,600 transactions through the Lightning Network during the holidays in 2019.

We’re growing fast and Lightning Labs’ loop service makes it simple to manage our lightning node’s liquidity, letting our team focus on building out great user experiences that bring lightning to the world.

 

Will Reeves

Fold

According to Lightning Labs, this year the company will be developing tools for working with larger payment channels. We are talking about both individual channels, which individually can hold more than $ 1,500, and multidirectional ones, which break down payments into smaller parts.