Search
Homepage Rankings and Research Companies Channelcast Marketing Matters CRNtv Events WOTC Jobs Dell Technologies World Digital Experience 2020 HPE Zone Masergy Zenith Partner Program Newsroom Intel Partner Connect Digital Newsroom Dell Technologies Newsroom Fortinet Secure Network Hub IBM Newsroom Juniper Newsroom The IoT Integrator Lenovo Channel-First NetApp Data Fabric Intel Tech Provider Zone

The 10 Biggest Ransomware Attacks of 2019

Multinational manufacturers and U.S. city and county governments spent more $176 million responding to the biggest ransomware attacks of 2019, spending on everything from rebuilding networks and restoring backups to paying the hackers ransom.

Back 1 ... 2   3   4   5   6   ... 11 Next
photo

8. Lake City, Fla.

Recovery And Mitigation Costs: $460,000

A “Triple Threat” Ryuk ransomware attack in June disabled Lake City’s servers and phones, prompting city leaders to unanimously agree to pay hackers $460,000 in bitcoin to unlock the encrypted files. All but $10,000 of that amount would be picked up by the city’s cyberinsurance provider, and city manager Joe Helfenberg expected the city to make a full recovery in two weeks.

The ransomware affected everything but Lake City’s police and fire departments, which were on a separate server, and the city had run into trouble attempting to recover backup files that were deleted during the incident. A prolonged recovery from backups would have exceeded the city’s $1 million cyberinsurance coverage limit, and the city wanted to resume normal services expeditiously.

The initial ransom demand had been for $700,000 in bitcoin, but negotiations with incident response firm Covewave managed the knock the payout down by some $240,000. Lake City might have been able to achieve a majority recovery of its files without paying the ransom, according to a city spokesman, but it would have cost “three times as much money trying to get there.”

 
 
Back 1 ... 2   3   4   5   6   ... 11 Next

sponsored resources