Published On: Fri, Dec 4th, 2020

Shirbit Refuses to Pay Black Shadow Hack Ransom Demand

Israeli insurance company Shribit has been extorted for $1 million in Bitcoin.

Stolen Shirbit Personal Info Example (From Hudson Rock Twitter Post)

The Shirbit Insurance Company of Israel has taken a stand against ransomware and hackers. The company announced that it will not pay the $1 million in Bitcoin demanded of it by Black Shadow Hackers who stole the private personal information belonging to countless Shribit customers and threatened to release publicly.

At this time the Shribit website is down.

As a result, the hackers have begun to release stolen information. They had set 9.AM. Local time in Israel on Friday as the deadline.

Shirbit issued a statement declaring its refusal to give in to extortion saying, “We will not give in to this type of terrorism. During overnight negotiations, all the professional bodies came to the sweeping conclusion that cyber terrorism has an interest in strategic harm – and is not backed by any financial motive.”

When its demands were not met by the deadline the hackers began to release some of the stolen private information. They also released their own statement saying, “Shirbit has not paid the money so far. It seems that leaking the details of customers, employees and civil servants is not important to them. If so, we will do what we promised at 9 o’clock.”

BlackShadow has as of now published some of Shirbit’s correspondence with customers as well as certain documents containing clients’ personal information. The hackers have also release pictures from private events held by Shirbit.

Shirbit CEO Zvika Leiboshor said Friday morning, “Shirbit is facing a hostile cyber-attack that is being backed by an entity seeking to carry out a strategic strike. The company will not succumb to this type of terrorism and will act in the ways available to it to protect the company’s customers and the information in the company, in coordination with all the state authorities that closely monitor the management of the event. “

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