{"id":57496,"date":"2017-07-14T12:18:41","date_gmt":"2017-07-14T17:18:41","guid":{"rendered":"https:\/\/www.pcmatic.com\/blog\/?p=57496"},"modified":"2017-07-14T12:18:41","modified_gmt":"2017-07-14T17:18:41","slug":"canadian-firm-pays-425k-ransom-demands","status":"publish","type":"post","link":"https:\/\/www.pcmatic.com\/blog\/canadian-firm-pays-425k-ransom-demands\/","title":{"rendered":"Canadian Firm Pays $425K in Ransom Demands"},"content":{"rendered":"<h4>Cyber Criminals Take Down Canadian Company<\/h4>\n<p>Last weekend, and unnamed Canadian firm was hit with ransomware. \u00a0IT World Canada <a href=\"http:\/\/www.itworldcanada.com\/article\/canadian-firm-pays-425000-to-recover-from-ransomware-attack\/394844\">reported<\/a>, the ransomware was able to infiltrate the system by worming its way through vulnerabilities found in the company&#8217;s Windows operating system. \u00a0The malicious software took down the company&#8217;s databases and wiped out all of their backup data. \u00a0The cyber criminals then demanded a ransom payment of $425,000 to decrypt the files. \u00a0The company, who will remain nameless for confidentiality purposes, agreed to pay the ransom. \u00a0The only contingency the company put in place was, before the payment was made, the hackers had to prove they had the decryption key. \u00a0Although not confirmed, it is assumed they did so, since the firm forked over nearly half a million dollars.<\/p>\n<p>This isn&#8217;t the first major payday hackers have seen this year. \u00a0Just last month a <a href=\"https:\/\/techtalk.pcpitstop.com\/2017\/06\/20\/linux-ransomware-payday\/\">South Korean business paid just over $1 million USD <\/a>to regain access to their servers after ransomware encrypted them.<\/p>\n<h4>Prevention is Key<\/h4>\n<p>These two attacks are prime examples of how pricey the bill can be if hit with ransomware. \u00a0This merely drives the importance of preventing ransomware attacks, instead of preparing for what to do after they occur. \u00a0Although, disaster recovery plans are important, the real focus needs to be on prevention. \u00a0Unfortunately, many security companies are not keeping up with today&#8217;s cyber threats. \u00a0Instead of transitioning to a <a href=\"https:\/\/cart.pcpitstop.com\/go.asp?id=504631\">whitelist security solution<\/a>, which treats all unknown files as unsafe until proven otherwise, they continue using an archaic blacklist method. \u00a0The blacklist treats unknown files as good, allowing them to execute, until proven bad. \u00a0At that point, it is already too late.<\/p>\n<p>To learn more about blacklist protection compared to whitelist protection, check out this <a href=\"https:\/\/techtalk.pcpitstop.com\/2017\/06\/16\/infographic-blacklist-whitelist\/\">infographic<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cyber Criminals Take Down Canadian Company Last weekend, and unnamed Canadian firm was hit with ransomware. \u00a0IT World Canada reported, the ransomware was able to infiltrate the system by worming its way through vulnerabilities found in the company&#8217;s Windows operating system. \u00a0The malicious software took down the company&#8217;s databases and wiped out all of their [&hellip;]<\/p>\n","protected":false},"author":54,"featured_media":55140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4949,4944,5000,5090],"tags":[4363,5112],"class_list":["post-57496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ransomware","category-ransomware-reports","category-ransomwarewar","category-slider","tag-ransomware","tag-ransomware-attacks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canadian Firm Pays $425K in Ransom Demands<\/title>\n<meta name=\"description\" content=\"A recent ransomware hit struck a Canadian business. The malicious software encrypted their servers, as well as all of their backup data. The firm ended...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pcmatic.com\/blog\/canadian-firm-pays-425k-ransom-demands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian Firm Pays $425K in Ransom Demands\" \/>\n<meta property=\"og:description\" content=\"A recent ransomware hit struck a Canadian business. The malicious software encrypted their servers, as well as all of their backup data. 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