In 2020, Russian hackers took the City of Saint John, New Brunswick hostage, demanding a $17\u002Dbillion bitcoin ransom. Read what happened.
“They’re no longer just going after the big guys. They’re going after everybody,” said Spencer Callaghan, senior manager of brand and communications at the Canadian Internet Registration Authority .
By Dubrovsky’s count, there are about 60 to 70 ransomware groups in operation currently, each with a slightly different encryption software. , causing building permits to be issued manually, and impacting online payments for municipal services like water bills and parking tickets. Such personal information, depending on the victim of the attack, could include personal health-care information, contact information such as addresses or even credit card numbers.“ become more sophisticated in determining how much a company will potentially be willing to pay in order to gather data,” said Catherine Beagan Flood, partner at Blakes.Article content
While there has always been cybercrime since the dawn of the world wide web, in the last eight years or so with the introduction of cryptocurrency — a favoured payment method of threat actors due to its anonymity — more and more potential threat actors have capitalized on the opportunity it presents, Dubrovsky said.Photo by Dan Kitwood/Getty Images
Inadvertently allowing infiltration by cyber criminals is as easy as opening an email that might, at first glance, appear legitimate.After phishing, Blakes’s trends report found “software vulnerability” and “remote desktop access” as the other culprits leading to cyberattacks in 2021.Advertisement 12“It’s also kind of the law of numbers with more people working from home. And remember, home networks are just weak,” he added. “Nobody’s investing a million dollars in their home router.
The Blakes trends study found just over 80 per cent of incidents were not reported to either law enforcement or a privacy commissioner. Meanwhile, in 63 per cent of 2021 cyberattacks, “affected individuals” were not informed by the victim organization.
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