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You have probably by now heard the story of Lake City, Florida, as most in the IT industry have.
Lake City, FL paid out a ransom of $460,000 in Bitcoins to hackers just a few weeks ago. It was determined that an employee downloaded an infected document that they had received via email. According to Gizmodo, “That set off a chain of events involving three separate malware variants sometimes used in concert in cyber attacks. The initial document carried the Emotet Trojan, which installed itself and subsequently downloaded another trojan called TrickBot and the Ryuk ransomware. Ryuk then spread throughout city systems, locking them down and demanding a ransom. Only the police and fire department systems were spared as they were on a different server, according to the New York Times.”
So where did they go wrong?
So, what then, did they do right? They had cyber insurance, which helped cover the ransomware payment.
How can we at CloudOrbis ensure that this won’t happen to us? We’re glad you asked…
Unsure if your insurance policy will cover you in the event of a cyber breach? Or if you’d rather not test your insurance policy, call us today to talk about how we can better protect your network! We’d love to hear from you.
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