024: Cyber-criminals Seek $3.6 million In Ransomware Attack


Unknown and untraceable online thieves attacked a Boulder, Colorado electronic data storage company with ransomware. 

The cyber-criminals demanded a $3.6 million ransom payment before it would allow the data storage company to regain access to its data.  Fortunately, the data storage business already had a strong compliance and retention system in place. The company recovered the data on its own without paying the sizable ransom.  

We will examine this case study to highlight steps the data storage business took to ensure it was not held hostage by cyber-criminals.