April 03, 2019
Ransomware News: Albany Hit with Malware Attack
The city of Albany is dealing with the aftereffects of a weekend ransomware attack. According to reports, the attack is impacting the Albany police department systems and patrol cars.
Albany Mayor Kathy Sheehan released a statement over the weekend to confirm the attack. According to the statement, all employees will report to work at normal times as the city investigations into the issue.
In 2018, Atlanta found themselves in a similar situation after a ransomware attack. The total cost of the attack ended up in the millions, far exceeding initial estimates. Cyber criminals originally requested about $50,000 worth of bitcoin after infecting the city with SamSam. However, the city was not properly prepared for the attack, and they were forced to pay for various emergency services after the attack, including digital forensics, incident response, staffing, and more.
As we found in Datto’s State of the Channel Ransomware Report, the initial ransom demand is not what breaks the bank. Instead, the aftermath and cost of downtime are the crippling factors. MSPs report the average requested ransom for SMBs is ~$4,300 while the average cost of downtime related to a ransomware attack is ~$46,800.
To learn more about the current landscape of ransomware and how you can avoid falling victim, check out the full report today.