June 26, 2019
Second Florida City Pays Massive Ransom Demand
Another city has had paid a massive ransomware demand hoping to decrypt their important files. Only a week after Riviera Beach paid $600,000 in bitcoin related to a phishing email attack, Lake City has paid $500,000 after failing to be prepared for a similar ransomware incident.
According to reports, city workers were unable to access email accounts and some services were unavailable to residents. Despite being one of the higher payments we have seen in recent years, it's only the second in the past week.
Of course, agreeing to pay does NOT guarantee the hackers will decrypt their files. As we have said countless times, the best way to fight ransomware is by protecting your files and systems and preventing the ransomware from claiming your company as its victim. This is done with a multilayered approach:
- Use a good quality antivirus program, and patch and update operating systems regularly
- Educate your users about ransomware and how to detect phishing and social engineering schemes
- Back up files often — and automatically. While the backup does not prevent infiltration, it does give you an out — instead of paying the ransom, you can restore to your pre-attack status
To learn more about the current landscape of ransomware and how you can avoid falling victim, check out the full report today.