Odido CEO 'very happy' company did not pay ransom to hackers after data breach

Odido CEO Soren Abildgaard recently expressed relief that the telecommunications company refused to pay a ransom following a major cyberattack in early February. The hackers, identified as the group ShinyHunters, obtained the personal data of approximately 6.2 million customers and subsequently leaked the information on the dark web after their demands were rejected. Abildgaard emphasized that paying the ransom would have been ethically wrong and offered no guarantee that the stolen data would be truly deleted by the criminals.

During a telecom industry conference, the executive defended the decision, arguing that succumbing to extortion would only facilitate further criminal activity. While Odido faced criticism for its initial communication regarding the breach, Abildgaard admitted that the company could have handled the information flow to customers better. Meanwhile, police investigations continue, with recent developments involving a broadcasted audio clip of a suspect leading to several promising leads. The company maintains that it remains committed to strengthening its security measures in an ongoing effort to combat sophisticated cyber threats.