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Revolut hackers demand $3M in Monero after data breach

TRUE

  • A Hacking group demanding $3 million in Monero claims responsibility for a data breach at Revolut.
  • The attackers used a compromised Italian government email to bypass security and access customer data.
  • Revolut has not yet engaged with the group, which threatens to sell the stolen data if the ransom is not paid.

A hacking group claiming responsibility for the Revolut data breach is demanding $3 million in Monero, threatening to sell stolen customer data to other criminals if the payment is not made. According to the Financial Times, the group, which operates under the name “iamnotavillain,” recently launched a ransom website but has not yet begun negotiations with the bank.

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The attackers were reportedly able to breach Revolut after obtaining access to an Italian government email. Using this email, they posed as law enforcement and bypassed the bank’s security checks to retrieve data from various customer accounts. Reuters reports that a source familiar with the attack said around 680 customers were affected and that the incident did not impact Revolut’s core infrastructure or databases.

Meanwhile, Revolut has stated it has had no contact with the attackers and received no demands from them. Previous reports from Coin Bureau claimed the attackers had initially demanded 10,000 BTC, a figure worth over $760 million today. Consequently, it remains unclear whether a different group is behind the new demand for $3 million in Monero.

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