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The 11 Biggest Ransomware Attacks Of 2020 (So Far)

Municipal governments, universities and private businesses have spent more than $144 million responding to the biggest ransomware attacks of 2020 (so far), spending on everything from rebuilding networks and restoring backups to paying the hackers ransom.

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4. Travelex

Recovery And Mitigation Costs: $2.3 Million 

A New Year’s Eve ransomware attack crippled Travelex, forcing the world’s largest chain of money-exchange shops to take its internal networks, consumer-facing websites and app offline for several weeks to stop the virus, The Wall Street Journal reported. The company reportedly begun reinstating some of its operations in January and revived its consumer business in the second half of February.

The incident disrupted cash deliveries from Travelex’s global network of vaults to divisions of major international banks including Barclays PLC and Lloyds Banking Group PLC, The Wall Street Journal said. The Sodinokibi group of hackers who claim to have hacked Travelex declined to provide specifics on what they had stolen from the company, The Wall Street Journal reported.

Travelex responded to the attack by paying the hackers a $2.3 million ransom in the form of 285 bitcoin, a person familiar with the transaction told The Wall Street Journal in April. A Travelex spokesman told the paper the firm has taken advice from a number of experts and has kept regulators and partners informed about its efforts to manage the recovery.

 
 
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