The government of Argentina has reportedly refused to pay a $4 million bitcoin ransom demanded by hackers who hijacked the country’s immigration systems, temporarily crippling cross-border movements.

On Aug. 27, the cybercriminals – now identified as a group calling itself Netwalker – hacked Argentina’s immigration agency, Dirección Nacional de Migraciones, in an attack that halted border crossing in and out of the Latin American country for up to four hours.

The thieves allegedly stole sensitive information and are demanding millions of dollars in bitcoin (BTC) before they can decrypt the files, according to a Sept. 6 report by Bleeping Computers. Initially, Netwalker wanted $2 million worth of bitcoin but later doubled the ransom to about 356 BTC (or $4 million at the time).

However, the Argentinian government is refusing to negotiate with the hackers and will not pay the demanded ransom. As reported by Infobae, a local publication, officials say that the cybercriminals “did not attack the critical infrastructure” of…

Click to continue reading on its source location…

Source: https://news.bitcoin.com/argentina-government-refuses-to-pay-4m-bitcoin-ransom-to-hackers-who-paralyzed-borders/