[ISN] Hackers seized database from City of Detroit, demanded $800k in bitcoin

http://rt.com/usa/206663-detroit-bitcoin-ransom-database/ RT.com November 19, 2014 Hackers seized a digital database from the city of Detroit earlier this year and then demanded they receive a ransom in bitcoin, Mayor Mike Duggan said this week, but the city balked and ultimately the hijackers were unsuccessful with their request. Duggan, who was elected last year to lead the Motor City after a headline-making bankruptcy filing, explained at a conference on Monday this week that hackers had asked for hundreds of thousands of dollars in cryptocurrency after compromising a city database back in April. The pilfered database wasn’t used or needed by the city, however, The Detroit News reported, so the ransom was never paid. Speaking at the North American International Cyber Summit, Duggan said the incident from earlier this year made him realize that sensitive information needs to be stored more securely. “It was a good warning sign for us,” he told his audience at the conference, Detroit News journalist Holly Foumier reported. […]