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Author Topic: This Canadian Town is Coughing Up Bitcoin After Ransomware Attack  (Read 19 times)
SuperBazooka
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September 12, 2018, 07:28:47 AM
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This Canadian Town is Coughing Up Bitcoin After Ransomware Attack
A town in the Ontario Province of Canada has decided to pay hackers the ransom they are demanding in bitcoin in order to get its computer network working again.

Midland, which has a population of over 16,000, had its computer systems breached and infected with ransom malware that encrypted files at the beginning of the month. The cyber attack rendered the town’s computers inoperational for around 48 hours and this crippled email services, processing of payments, issuance of permits, reloading of transit cards and processing of marriage applications.

In the ‘Best Interest’ of Midland…
Critical services such as waste management and fire response were, however, not impacted. To facilitate decryption the hackers have been demanding that a ransom be paid in bitcoin. The town has consequently started the process of paying the unspecified ransom amount in bitcoin in order to get the decryption keys.

“Under the guidance of cyber security experts, we have initiated the process to pay the ransom in exchange for the decryption keys,” a media release from Midland Town Council read. “Although not ideal, it is in our best interest to bring the system back online as quickly as possible. The Town had previously secured an insurance policy to cover such circumstances. Decryption efforts are underway.”

The decision by Midland Town Council to acquiesce to the demands of the hackers stands in contrast to the move by the Professional Golfers Association of America to refuse to pay a ransom in bitcoin after similar malware was planted on its computer systems early last month. This was despite the fact that the hackers insisting that only they possessed the decryption software as CCN reported:

“We exclusively have decryption software for your situation. No decryption software is available in the public.”
https://www.ccn.com/this-canadian-town-is-coughing-up-bitcoin-after-ransomware-attack/
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butka
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September 12, 2018, 08:16:37 AM
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OK. They have decided to pay. And now what?  Who is to say that the hackers will restore the hacked files after receiving the ransom money??

“We exclusively have decryption software for your situation. No decryption software is available in the public.”

This statement may or may not be true. Can you custom make encryption/decryption schemes? In any case, this entire situation goes to show how vital it is for anyone who runs a computer network of this type to have a reliable backup system in place.
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