Liberty refuses to pay hackers

Liberty Holdings says it refused a ransom demand after hackers breached its IT infrastructure and accessed some emails.

Liberty chief executive David Munro said on Sunday that the company did engage with the external parties involved to determine their intentions. Munro confirmed no concession was made in the face of this “attempted extortion”, saying, “Liberty is at an advanced stage of investigating the extent of the data breach, which at this stage, seems to be largely emails and possibly attachment”.

READ MORE: Data breach under control and under investigation, says Liberty CEO

The financial services and property holding company could not confirm the identity of the parties responsible for the data breach nor divulge the payment demanded because the matter is still subject to investigation by various authorities, Munro said.

Liberty says there is currently no evidence its customers nor affiliate clients have suffered any financial losses.

“We have gone to extreme lengths to enforce our IT infrastructure to ensure our customers’ information is protected,” Munro added.

“We totally understand the concerns they might have about the impact of this act of criminality,” he said.

According to Munro, the data breach is probably confined to Liberty emails and customers of Standard Bank Group, which controls Liberty, would not be affected unless they were also the insurer’s customers.

We make it make sense

If this story helped you navigate your world, subscribe to the M&G today for just R30 for the first three months

Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”

Kiri Rupiah
Kiri Rupiah is the online editor at the Mail & Guardian.

Related stories

WELCOME TO YOUR M&G

Already a subscriber? Sign in here

Advertising

Latest stories

Gaseous explosion probably caused death of 21 young people at...

Expert says it will be a few weeks before a final determination is made on the cause of death

Eskom wage deadlock ends, setting SA back on course to...

This is according to Public Enterprises Minister Pravin Gordhan, who placed the blame for stage six load-shedding on unprotected strike action

Nearly 800 years later, the fires of the Benin bronze...

Ancient art has been carried out in the same street by smiths for dozens of generations

Pensioner again used in alleged multimillion-rand police corruption

Salamina Khoza’s RDP home in Soshanguve, Tshwane, emerged as the SAPS’s alleged fraud headquarters
Advertising

press releases

Loading latest Press Releases…
×