Tuesday, 20 June 2017

South Korean hosting company pays $1m ransom to end eight-day outage


A South Korean web hosting company is forking out just over US$1 million to ransomware crooks after suffering more than eight days of nightmare.

Nayana first announced the attack on June 10, saying customer video files and its database had been encrypted, and promising to work to recover the data.

More than 150 servers were hit, hosting the sites of more than 3,400 mostly small business customers.

After a lengthy negotiation with the hackers, a demand for Bitcoin worth 5 billion won (nearly $4.4 million) was trimmed to around $1 million (397.6 Bitcoin), and the company paid up. The ransom was demanded in three instalments; so far, two have been made.

This dear readers is why you should backup your data!
Contact Donline if you need advice on protecting your data.