costs
Russia might take help of ransomware payments to fund Ukraine war costs
Russian war has entered its third week and the leader of the nation seems to be in no mood to give up. However, reports are in that Putin is finding it hard to break the resistance of Ukrainians and is falling short of finances, fuel, water and food supplies essential to keep his military units […]
Hidden costs incurred after being targeted by ransomware attacks
As soon as we hear or read about a ransomware attack on a company, we are in a state of mind that the business needs to pay only the ransom in order to avoid a loss to its data continuity on a permanent loss. But we never think or bother about the hidden/unexpected costs that […]
Ransomware damage to businesses is estimated to be $1 billion
Group-IB, a Singapore-based Cybersecurity provider, has presented a clinical report that says that the financial damage induced by the ransomware attacks on the world economy in the past 6 months is $1 billion. The firm’s survey also concluded that neither private sector nor the public sector companies are immune to the dreaded file encrypting malware […]
Cyber Attack overhaul costs $670,000 for the City of Woodstock
The City of Woodstock has disclosed the details of the cyber incident it experienced on September 20th this year and added it its statement that it took almost $667,220 to rebuild the computer network and restore critical data from the ransomware attack. As the city based in London, Ontario, Canada said no to hackers […]
