Ransomware: Canadian company pays $425,000

Luke Irwin writes:

A Canadian organization has reportedly paid criminals $425,000 in bitcoin after its systems were crippled in a ransomware attack.

The claim comes from Daniel Tobok, CEO of forensic firm Cytelligence, which he says is helping with the investigation. Tobok, speaking to IT World Canada, didn’t name the affected company, but said unpatched vulnerabilities and poorly designed backups exposed it to the attack.

If confirmed, this would be the largest ransomware payment made by a Canadian company. The record for the largest such payment was set in June, when a South Korean web hosting firm paid $1 million in bitcoin to recover 153 of its servers.

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