Ransomware Assault on Costa Rican Government
September 6, 2022

A harrowing cyber-assault by the notorious Russian ransomware group called Conti left
the government in Costa Rica so severely crippled that staff at affected organizations
had to use pen and paper to get things done. The assault started at the Central
American country’s ministry of finance and eventually enmeshed 27 different
ministries in a series of interlinked attacks over a period of weeks. This attack highlights
the risk of weak cyber security to a nation’s entire IT infrastructure. Conti offered to
return the data at a price of up to $20M, but the Costa Rican government refused to pay
the ransom. Shortly after Conti made this demand, its public-facing website was shut
down along with its dark-web negotiations site. Costa Rica’s efforts to regain control of
its IT systems were stymied. For victims, paying the ransom is no guarantee they will be
able to retrieve their data. Of all ransomware victims, 32% pay the ransom, but they
only get 65% of their data back.
Read full article at:
Get our free daily newsletter
Subscribe for the latest news and business legal developments.
Read this next
Top 100 Litigator Sues Blue Cross Over His Cancer Treatment
In 2018, Robert Salim, 67, realized he was seriously ill. After numerous […]
Financial Industry Suing to Foil New Regulations
New rules aimed at lenders, investment funds, and other financial entities would […]
GC Must Warn Boards Of AI Risks
There are companies investing hundreds of millions of dollars or more into […]