Richmond, BC Facility’s System Shutdown in Lieu of Ransom Payment

Exploit: Ransomware
Company: Container World
Industry: Logistics
Source: https://globalnews.ca/news/5045899/container-world-hack/

Facing a major disruption to operations, the trickle down effect of a recent breach to Container World has many crippling implications to their organization and smaller customer base alike. Container World, a Richmond, BC logistics company, was the recent victim of a ransomware attack. Although the company decided not to pay the ransom and instead shut down their affected system, damages and costs will likely amount to a higher sum than the ransom itself. The organization will incur large costs in rebuilding their IT infrastructure from the ground up while also having to come up with answers to their frantic customer base that will be left scrambling to find alternative measures to fulfill their logistics services, if possible. While details of the demand have yet to be disclosed, paying a ransom does not always guarantee threat actors will provide a decryption code or release any data safely back to the victimized organization.

Private liquor stores, bars, and restaurants have all suffered a major disruption to their daily business. For a smaller companies this might end up to be a very challenging recovery process.

When dealing with B2B, it is crucial to understand the weight and implications that a data breach or stoppage in operations of any kind can have on your own company as well as your entire client base. Putting yourself and others in harms way without proper security and preventative measures is seldom worth the risk. Cyber security remains a trending topic for most companies, it should also become a part of the discussion when choosing partners that you will need to rely on.

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More than ever, organizations of all sizes have been facing a historical rise in cyber attacks and data breaches. Talk to a cyber security expert today and find out how we can provide expert consulting and a portfolio of Cyber Security solutions designed to protect your organization against today’s most prevalent threats.