Cyberattack cost Ontario town $1.3M, including $290k in Bitcoin ransom
- 17th April 2023
- Posted by: CyberYogi
- Category: Governance, Risk, and Compliance
Galen Simmons reports: A cyberattack on the Town of St. Marys that encrypted municipal systems and stole sensitive data cost the local government roughly $1.3 million, including a $290,000 Bitcoin ransom payment made to the hackers, officials have revealed. Two days after the town’s computer systems were crippled in the July 20, 2022, ransomware attack, St. Marys cybersecurity experts received a ransom demand from LockBit, a hacker group that claimed to have extracted encrypted sensitive data from municipal servers. The group’s claim were credible enough to warrant serious concern about the privacy breach if the data was release on the Dark Web, an area of the internet where users can access unindexed content anonymously through special browsers. Read more at Northern News.