Ransomware removal experts found a report on the early 2018 ransomware attack on Canadian town Wasaga Beach that released on July 26, 2018. According to ransomware removal experts, the report focuses on the damages, costs, and expenses incurred in the ransomware attack that caused quite a rampage in the town and affected the municipality departments’ IT assets.
The report was formulated by the town’s treasurer Jocelyn Lee. Ms. Lee’s report has confirmed that the cyber attack was a ransomware attack in which cybercriminals were interested to extort money in exchange for the locked data of the town.
Moreover, Ms. Lee’s report stated that services were acquired from three reputable consulting firms for ransomware removal and recovery processes. The financial costs required to restore the data have been estimated at almost $35,000 while the services acquired by the consulting firms and individuals is greater than $37,000.
The report focused on expenses related to ransom amount, IT consultants, physical security vendors, IT purchase, third-party software vendors and the overtime of internal personnel. Additionally, there were other costs too especially related to productivity as the staff was unable to work due to the inoperability of the systems.
Another Wasaga Beach Report in the Making
Ms. Lee also informed that another report is in being created through the assistance of Hexigent Consultants which will be displayed to the town’s Coordinated Committee on 20 August 2018.
This report will focus more on the technicalities of the attack which can assist authorities to understand how the ransomware was able to enter the town’s system as well as its damaging strategies to the computer’s system and application software.
Ms. Lee report concluded with the statement that the ransomware attack manages to be a huge liability for the town. Moreover, the town realized the need of bigger investment in its IT budget in order to protect itself from the increasingly dangerous wave of cyber attack, especially ransomware.