Financial services group Liberty Life has launched an investigation after its systems were hacked.
The financial services group sent out an SMS to their clients on Saturday evening informing them of the breach of security.
Liberty said the hackers alerted the company to potential vulnerabilities in its systems and were now demanding compensation.
The Sunday Times reported that the hackers obtained sensitive information about some top clients and have demanded payment of millions of rand not to release the data.
Liberty life must refrain from misleading people. Ransomware is a serious issue! #Libertylifehack pic.twitter.com/E9PLhiPRdD
— ParrotOS (@MokoenaDee) June 16, 2018
Distressing to get an SMS from #LibertyLife to the effect that they've been hacked and held to ransom. Retirement plan in sy moer in?
— Bernard – Cape Town (@bernardgwhisky) June 16, 2018
Source: News24
