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SaaSNewsHacked Company CTO Refuses to Pay Ransom Demand, Donates Money to Funding Research Instead
Hacked Company CTO Refuses to Pay Ransom Demand, Donates Money to Funding Research Instead
SaaS

Hacked Company CTO Refuses to Pay Ransom Demand, Donates Money to Funding Research Instead

•November 14, 2025
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TechRadar
TechRadar•Nov 14, 2025

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Why It Matters

The firm’s decision to reject ransom payments while supporting cybersecurity research underscores a stance against funding criminal actors and may set a precedent for handling extortion in the fintech sector, reinforcing trust among merchants and regulators.

Hacked company CTO refuses to pay ransom demand, donates money to funding research instead

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