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FSIN Buys its Data from Hacker for Over $20,000 in Bitcoins

Redwan Eid | Oct. 24, 2018
FSIN Buys its Data from Hacker for Over $20,000 in Bitcoins

October- 24, 2018 | AtoZ Markets

The Federation of Sovereign Indigenous Nations have recently paid more than $20,000 to an anonymous hacker who breached their computer system, as per CBC News.

The information was provided Tuesday by two sources with direct knowledge of the situation. They spoke to CBC News on condition of confidentiality, as the meetings were private.

The hacker was said to have gained control over the FSIN's internal files and email system, and held them ransom, which included files on residential school survivors, youth athletes and their coaches, internal land claims, among other topics important to the FSIN.

Reports unveiled as well that the hacker had access to social insurance numbers, treaty card numbers and health claims of staff, in addition to reaching to the executive.

The Initial Ransom Was More than $100,000

In the details, an FSIN staff member had received an email from a hacker back in May, asking for a ransom of more than $100,000.

The FSIN treasury board and its audit committee after that met to discuss the situation, recommending sending immediate notice to all of who were affected by the hack, and informing the police, while none of that happened.

There initial recommendations the meeting yielded in, were as not to pay the hacker, amid fears the hacker would still keep the data on file even after being paid.

As the treasury board meetings continued quietly with the hacker after that, it was agreed to pay them more than $20,000 worth of Bitcoin.

New reports say that FSIN has contracted the services of a private computer security business since then, and that there is no guarantee the hacker did not retain the data they gained access to, even though the FSIN email system seems to be functioning normally.

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