Israeli Fintech Company Nayax Refuses to Pay Extortion Demand After Cyberattack

Israeli fintech company Nayax has updated its incident status and stated it will not pay any extortion demand. The incident involves a threat actor group called The Syndicate and relates to a previously reported attack on an unnamed subsidiary of Nayax. Nayax had previously filed a submission to the Securities and Exchange Commission regarding the incident. The article notes that victims and threat actors commonly disagree sharply over the scope of an attack or its significance, which is occurring in this case between Nayax and The Syndicate.