Web hosting company pays $1 million after Erebus ransomware attack

The cost of a ransomware attack can be pretty substantial. Businesses that are not well prepared are looking at lost revenue from downtime and massive damage to their reputation, not to mention a pretty hefty ransom bill as well. For web hosting company Nayana, that was $1 million. Nayana, which is based in South Korea, had 153 of its Linux-based servers infected by the Erebus ransomware on June 10. The attack affected roughly 3,400 customers that relied on its services for hosting websites, databases and multimedia content. That is pretty massive if you consider the total number of businesses that had to suffer as a result… [Continue Reading]