What did this Business Miss that Cost them $5 million?

Last month, the Colonial Pipeline, a major oil pipeline system in the United States, was the target of a cyber attack by a group known as DarkSide.

The attack resulted in the shutdown of the pipeline, leading to shortages of gasoline and other fuels in several states.

This attack serves as a reminder of the importance of having strong cyber security measures in place to protect against threats like ransomware.

This attack serves as a reminder of the importance of having strong cyber security measures in place to protect against threats like ransomware.

"This attack serves as a reminder of the importance of having strong cyber security measures in place to protect against threats like ransomware."

- Dan, Cyber Security Expert Analyst

Ransomware is a type of malicious software that encrypts a victim's data and demands a ransom be paid in exchange for the decryption key.

In the case of the Colonial Pipeline, the hackers demanded a ransom of 75 Bitcoins (valued at approximately $5 million at the time).

While the Colonial Pipeline is a large, international corporation, it's important to note that businesses of all sizes are vulnerable to cyber attacks.

That's why it's essential for businesses to prioritize cyber security and take steps to protect themselves.

One way to do this is by regularly scheduling cyber security check-ups and assessments.

At Island CyberSecurity, we offer these services to help businesses identify vulnerabilities and implement the necessary measures to protect themselves.

Don't wait until it's too late – contact us today to schedule your cyber security check-up and protect your business from the potential consequences of a cyber attack.