Global Travel Firm Acts Swiftly to Negotiate Ransomware Fee
Ransomware has become an industry of its own with “cordial” customer-service and over $25 Billion in revenue last year. CWT, a large-scale travel organization, was affected by a ransomware attack demanding $10 million to restore stolen information. The company responded swiftly by countering with an offer of $4.5 million over a publicly accessible chat group. This incident was well-documented on various tech outlets.
The hackers not only agreed to the $4.5m deal, but also offered bonus security tips to help prevent this kind of attack. With growing black markets for user data, and organized hackers proliferating globally, ransomware is a thriving industry that presents a very real threat to large and small companies alike.
Over 100 Nursing Homes Impacted by Ransomware Attack Virtual Care Provider,...
Global Travel Firm Acts Swiftly to Negotiate Ransomware Fee Ransomware has...
Healthcare Company Utilizes Backups to Avoid Paying Ransomware Fee Saint Francis...