Ransomware Damages Projected to Skyrocket With 2017 coming to an end, the final ransomware damages are being released. This year alone, ransomware damages are projected to total $5 billion. This includes not only the ransom demands paid, but also the company downtime, remediation efforts, loss in productivity, investigation costs and reputation damages. One would almost […]
Ransomware Damage Costs Projected at $11.5B in 2019 Read More »
J. Sterling Morton High School Targeted Victim of Ransomware J. Sterling Morton High School, located in Cicero, Illinois has been the victim of a targeted ransomware attack. The ransomware is being delivered through a student survey specifically designed for J. Sterling Morton high school students. As seen below, the survey is poorly designed, but students
Illinois High School Victim of Targeted Ransomware Attack Read More »
Ransomware Strikes Spring Hill, Tennessee The City of Spring Hill was hit with an unknown ransomware variant last Friday. After encrypting the city’s files, the hackers demanded $250,000 to restore the systems. City officials reported they contacted the appropriate law enforcement and chose not to pay the ransom. Instead they are going to restore the
Ransomware Attacks Tennessee City Offices Read More »
Hackers Breach Kansas Non-Profit Center, Locking Files for Ransom Cyber criminals were able to breach Kansas non-profit facility, East Central Kansas Area Agency on Aging of Ottawa, Kansas. The hack occurred in September and took a full two months to fully investigate. The hackers were able to execute a successful breach of the non-profit agency, which
Ransomware Attacks Kansas Non-Profit Read More »
Hackers Demand $30,000 or Else… Ransomware, or malicious software that locks data and demands a payment to unlock it, isn’t something uncommon. Unfortunately, ransomware has become one of today’s largest cyber security threats. Therefore, it should come as no surprise that yet another ransomware attack has hit Canadian college, University of Fraser Valley. Although, these
Hackers Expose Student Data, Then Demand $30,000 Read More »
Majority of Employees Personally Pay Ransom Demands In a survey completed by Intermedia, it was found that a vast majority of employees paid up after being hit with ransomware. Ransomware is a malicious software that infiltrates devices, servers, and networks which encrypts data. After encryption a ransom note will be displayed, stating in order to
96% of Employees and Businesses Paid Ransom Demands Read More »
Third Global Ransomware Attack of 2017 First, there was WannaCry, which hit the globe in mid-May. Second, came NotPetya in June. Third, was the latest global ransomware attack, Bad Rabbit. This ransomware variant is believed to originate in Russia. However, it quickly spread throughout Ukraine, targeting various transportation systems. Avast also reported infections in Poland,
Latest Ransomware, Bad Rabbit, Takes the World by Storm Read More »
In a recent analysis of a new ransomware, we uncovered a unique twist to the “payment” method for recovering your files. The hackers require the victim to send in at least 10 nude pictures of them. Once the victim sends in the images, the hackers will supposedly verify it is actually you, and then sell
The New Ransomware Currency – Nude Images? Read More »
Ransomware Sales Exploding on the Dark Web According to International Business Times (IBT), a new study was released confirming a significant rise in demand for the malicious software, ransomware. The study showed 6,300 websites offering ransomware, with an additional 45,000 ads promoting the malicious software. The price points ranged from $0.50 to $3,000. The large
Ransomware Demand Increases 2500% Read More »
Ransomware completely took over Erie County Medical Center’s (ECMC) computer systems in April. The malware completely corrupted the systems, and the hackers demanded $30,000 in ransom if they wanted the systems restored. Instead, the medical facility spent approximately $10 million to rebuild its systems. Roughly half of those funds were the cost of hardware, software, and
NY Hospital Dumps $10M to Rebuild Systems After Ransomware Attack Read More »