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Ransomware demands estimated to have cost hundreds of millions of dollars in Canada in 2020: report

  TORONTO A new report released by cybersecurity company Emsisoft estimates that ransomware demands increased by more than 80 per cent globally in 2020, with hundreds of millions of dollars estimated to have been paid out in ransoms in Canada alone. ID Ransomware is a service that allows victims of ransomware attacks to upload their compromised data for it to be analyzed in order to find out if it is salvageable and who the attack was perpetrated by. Submissions to ID Ransomware constitute a confirmed incident of a ransomware attack, the report says, estimating there were a total of 506,185 during 2020 – but “truly accurate projections are impossible due to limited datasets and information sharing limitations.”

Canadian man charged in U S with NetWalker ransomware attacks | iNFOnews | Thompson-Okanagan s News Source

Colin Perkel A woman types on her laptop in Miami in a Monday, Dec. 12, 2016, photo illustration. An investigation into a scourge of NetWalker ransomware attacks has led to the arrest of a Canadian man, the U.S. Department of Justice said on Wednesday. According to an indictment, police in Florida charged Sebastien Vachon-Desjardins of Gatineau, Que., with illegally obtaining more than $27.6 million. THE CANADIAN PRESS/AP/Wilfredo Lee January 27, 2021 - 1:40 PM TORONTO - An investigation into a scourge of NetWalker ransomware attacks has led to charges against a Canadian man, the U.S. Department of Justice said on Wednesday. According to an indictment, police in Florida charged Sebastien Vachon-Desjardins of Gatineau, Que., with illegally obtaining more than $27.6 million.

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