Demant Ransomware attack– The mitigation and data recovery costs are estimated to be between $80 million to $95 million- thus making the malware attack on hearing aid manufacture Demant ‘Number One’ in the list of Worst Ransomware Attacks of 2019. Remember, this company had a cyber insurance cover of $14.6 million which would have otherwise made the situation even worse.
Ransomware attack on Norsk Hydro- This Norway based company which is into aluminum products production was hit by a malware named LockerGoga. And the recovery and mitigation costs are expected to between $60m to $73m.
Baltimore Ransomware attack- The recovery cost of this malware attack which took place in May’19 is estimated to be $18.2 million. And the ransomware strain which was involved is suspected to be Robinhood. All email, voice mail systems, property taxes, water bills, traffic citations, and real estate transactions were disrupted by the attack.
Texas- Over 22 Texas municipalities were hit by a ransomware attack in August 2019 and the mitigation costs along with recovery are estimated to be $12 million. Sodinokibi Ransomware also known as Revil ransomware was the culprit behind the encryption of the database.
New Orleans- The ransomware attack which took place on December 13th of last year is said to have cost the city $3 million. Over 450 servers and 3500 laptops were impacted by the malware attack which is suspected to be Ryuk and the file-encrypting malware reached the network through a phishing email. As the city was having a cyber insurance cover of $3 million, Mayor LaToya Cantrell expects the mitigation and recovery costs will never exceed the insured sum.
Riviera Beach, Florida Ransomware attack- The recovery and mitigation costs are expected to be around $1.5 million and the malware reportedly reached the network through a phishing email that was opened by one of the em ..
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