Blog

Network Synergy Blog

Network Synergy has been serving the Trumbull area since 1988, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

65 Bitcoin Ransom Paid by Florida City

65 Bitcoin Ransom Paid by Florida City

65 of any currency doesn’t seem like a lot of money, but when you are dealing in the cryptocurrency Bitcoin, it adds up quick. One city on Florida’s Atlantic coast is finding that out the hard way after getting hit with a ransomware that stymied the city of 35,000 government’s ability to function. Let’s take a look at the situation that made the city’s leaders agree to pay hundreds of thousands of dollars to scammers.

A few weeks ago, an unwitting employee of the city of Riviera Beach, a small city just up the coast from West Palm Beach, clicked on a file that wasn’t supposed to be clicked on and it ended up locking large portions of their municipal computing infrastructure. When the initial report came to the City Council, they decided it was high time that they updated their computers and approved to spend nearly $1 million to update all municipal computers. Only then were they told that new hardware is all well and good, but paying to upgrade their computers isn’t going to get their access to data back. 

The only way that was going to happen is by giving over to the hackers demands. They were simple: produce 65 Bitcoin, and the files will be decrypted. Since after the ransomware was deployed, the city email system was unavailable and its 911 dispatchers didn’t have access to computing systems that are necessary for prompt emergency response, the city council acted quickly as to avoid a long, drawn-out situation that could potentially cost the city millions. 

Ransomware victims: Atlanta, GA; Newark, NJ; and Sarasota, FL, had been examples of cities that refused to pay ransoms only to see costs of recovery soar. Currently, the FBI, the Department of Homeland Security, and the U.S. Secret Service are all working on the case.

Typically, we’ve advised ransomware victims not to pay the ransom, since it provides the hackers the resources they need to continue conducting acts of cybercrime. It’s been mentioned repeatedly by IT professionals and cybercrime experts that there is no guarantee that hackers will stay true to their word and decrypt the files once the ransom has been paid. 

Ransomware is a major and continuously-developing problem for municipalities and businesses, alike. For more information about ransomware, subscribe to our blog, or give us a call at (203) 261-2201.

Our Top 7 List of IT Myths and Wild Conspiracies
Tip of the Week: Working Around Windows’ Restore P...
 

Comments

No comments made yet. Be the first to submit a comment
Guest
Already Registered? Login Here
Guest
Tuesday, 05 November 2024

Captcha Image

Contact us

Learn more about what Network Synergy can do for your business.

Network Synergy
126 Monroe Turnpike
Trumbull, Connecticut 06611

Network Synergy Corporation BBB Business Review

Best IT Managed Service Providers in Bridgeport aicpa logo net syn

News & Updates

Network Synergy is proud to announce the launch of our new website at www.netsynergy.com. The goal of the new website is to make it easier for our existing clients to submit and manage support requests, and provide more information about our services for ...

Copyright Network Synergy. All Rights Reserved.