Bank hackers are amongst the most detrimental criminals, especially to high net worth individuals such as public figures and businessmen. They steal highly confidential data of their victims and contact them to post a threat, which often is exposing a famous person´s tax-evading practices. Certainly, abduction is now becoming an outdated strategy to get ransom money nowadays.
This is the unfortunate case in a Chinese-owned bank in the European mini-state Liechtenstein. TheVillagesSuntimes have recently reported that the Valartis Bank located in a small region between Switzerland and Austria verified the attack.
The unknown hackers demanded 10% of their life savings in exchange for not exposing financial details to finance authorities and the media. The attackers have given the bank a deadline until Dec. 7 and demanded the transfer to be via Bitcoin to avoid detection.
Chief Financial Officer of Valartis Bank Liechtenstein Fong Chi Wah stated in BGR´s report that the unknown hackers were not successful with their Bitcoin ransom demands. However, prior to contacting the bank, the hackers have already collected gigabytes of account information since October last year.
Although no money was stolen from the accounts, it indicates that the hackers next target are the politicians, actors, and German accounts holders. The fact that hackers can easily expose information on these people through social media is unsettling. Valartis Bank Liechtenstein immediately informed all their clients regarding the matter.
Knowing that savvy tech adversaries threaten to breach digital walls, British financial institutions have come forth to ensure they won´t fall into this trap. They have hired digital system elites who are mostly ex-government individuals to keep an eye on the digital perimeter.
In preventing the bank system attacks, Valartis Bank Liechtenstein are now taking drastic innovative measures as possible. Valartis Bank Liechtenstein director Andreas Insam, and Citychamp Watch & Jewellery Group Ltd who bought the Valartis Group refused to comment at this time.
