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“For law enforcement, as we saw with the Colonial Pipeline hack, law enforcement does have the ability to recover some payments, so it would be great if this can further aid their efforts.”Īt the time of writing, the site is tracking a total of more than $32 million in ransom payments for 2021. The bulk of these payments have been made to the REvil, the Russia-linked ransomware gang that took credit for the JBS and Kaseya hacks.

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While the attack resulted in significant financial losses for the company, it also serves as a valuable lesson in the importance of cybersecurity and the need for businesses to take proactive steps to protect themselves against these threats. The Pagetechcrunch ransomware attack was a sobering reminder of the threat that cybercrime poses to businesses of all sizes. Work with law enforcement: Companies should report cyberattacks to law enforcement agencies and work with them to bring the perpetrators to justice. Invest in cybersecurity measures: Businesses should prioritize cybersecurity and invest in measures such as firewalls, antivirus software, and employee training to reduce the risk of cyberattacks.īackup data regularly: Regular backups can help businesses recover their data in the event of a cyberattack.Īvoid paying ransoms: Paying ransoms only encourages cybercriminals to continue their activities, and there is no guarantee that paying the ransom will result in the safe return of stolen data. Some key lessons that can be learned from this attack include: With cybercrime on the rise, it’s more important than ever for companies to take proactive steps to protect themselves against these threats. The Pagetechcrunch ransomware attack serves as a stark reminder of the dangers that businesses face in the digital age. The company also invested in additional security measures to prevent similar attacks from happening in the future. Ultimately, Pagetechcrunch decided not to pay the ransom demand, and instead worked with cybersecurity experts to recover their site’s content. As it turned out, the attackers were part of a well-known cybercrime syndicate that had been responsible for similar attacks on other companies in the past. Meanwhile, the FBI launched an investigation into the attack and worked to identify the perpetrators.

The company also reached out to its user base to notify them of the attack and assure them that their personal information had not been compromised. The ResponseĪfter discoverin Attack Pagetechcrunch’s owners immediately contacted law enforcement and began working with cybersecurity experts to regain control of their site.

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With the site offline for several days, the company suffered significant financial losses. In exchange for the decryption keys needed to restore the site’s content.Īttack particularly devastating for Pagetechcrunch, as the website relies on ad revenue to stay afloat.

They then demanded a jack stamos ransomwhere 32m pagetechcrunch In the case of Pagetechcrunch, the attackers were able to gain access to the site’s backend systems and encrypt the website’s content. This type of malware is often used in targeted attacks against businesses and organizations, and is known for its ability to evade detection by traditional security measures. Some key lessons that can be learned from this attack include:Īccording to reports, the ransomware attack was carried out using a variant of the Ryuk malware.