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Paying ransom for data stolen in cyberattack bankrolls further crime, experts caution
Nov. 19, 2023, 4:01 a.m. | CBC
The RISKS Digest catless.ncl.ac.uk
https://www.cbc.ca/radio/spark/cyberattacks-ransomware-paying-ransom-crime-1.7030579
When the town of St. Marys, Ont., fell victim to a cyberattack last year,
lawyers advised the municipality to pay a ransom of $290,000 in
cryptocurrency.
The decision was made after an analysis by firms specializing in
cybersecurity. Al Strathdee, mayor of the southwestern Ontario town of
about 7,000 residents, said the potential risk to people's data was too
high not to pay up.
analysis cryptocurrency cyberattack cybersecurity data decision high lawyers ontario pay people ransom risk victim
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