A second Florida city has opted to pay a ransom demand to hackers after they took control of the city's municipal computer systems. 

On Tuesday, June 25, Lake City's Mayor announced that the city would pay hackers $460,000 to regain control of its email and other servers that were seized over two weeks ago. 

The ransomware attack has left nearly all of the city's computer systems encrypted since the original attack on June 10. Fortunately, the city's police department and fire departments have not been impacted by this attack. 

Just last week the Florida city of Riviera beach announced they agreed to pay hackers who encrypted its computer systems with ransomware $600,000 in order to regain access. These two cities are only the latest in an increasingly growing list of government municipalities that have been hit by a ransomware attack. 

A study published by Mimecast recently found that 42% of organizations within the public sector have reported business downtime as a result of ransomware, with 73% reporting to have experienced two to five days of downtime as a result of an attack. 

This trend of paying the ransom is seen to many security professionals as extremely dangerous. Paying out the ransom demand only makes ransomware attacks more lucrative, and ultimately incentivizes criminals to conduct even more targeted attacks with the expectation of getting paid out. Not to mention how uncommon it is for authorities to actually catch these criminals in their tracks. 

Instead of rushing to fix the damage done by a ransomware attack, organizations need to have solutions in place to help detect the presence of malware and help mitigate the fallout of an attack. NNT has developed a custom Ransomware Remediation Kit designed to help organizations of all sizes defend against devastating ransomware attacks. 

You can request a custom ransomware mitigation kit by clicking the link below. 

Request The FREE NNT Ransomware Mitigation 

 

 

NNT Suite of Products

change tracker gen7r2 logo

Combine industry leading Device Hardening, File Integrity Monitoring, Change Control, Configuration Management & Compliance Management into one easy to use solution that can scale to the most demanding environments!

fastcloud logo

Automatically evaluate and verify the authenticity of file changes in real-time with NNT FAST™ (File Approved-Safe Technology) Integrity Assurance.

log tracker logo logo

Comprehensive and easy to use security information & event log management with intelligent & self-learning correlation technology to highlight potentially harmful activity in seconds.

vulnerability tracker logo

Continuously scan and identify vulnerabilities with unparalleled accuracy and efficiency, protecting your IT assets on premises, in the cloud and mobile endpoints.

USA Offices
New Net Technologies LLC
Naples
Suite #10115, 9128 Strada Place
Naples, Florida, 34108
Atlanta
1175 Peachtree St NE
Atlanta, Georgia, 30361.
Portland
4145 SW Watson, Suite 350
Beaverton, Oregon, 97005.

Tel: (844) 898-8358
email [email protected]
UK Office
New Net Technologies Ltd
Rivers Lodge, West Common
Harpenden, Hertfordshire
AL5 2JD

Tel: 01582 287310
email [email protected]
CIS benchmarking SEWP Cybersecurity 500Sans Institute Now Certified IBM Security
Copyright 2019, New Net Technologies LLC. All rights reserved. 
NNT and Change Tracker are registered trademarks of New Net Technologies LLC.
All other product, company names and trademarks are the property of their respective owners.