The Loss of SamSam Ransomware Attacks: $17 Million for the City of Atlanta

August 12, 2018

 

The SamSam ransomware attack on the City of Atlanta was originally estimated to cost about $6 million to settle: Considerably more than the $51,000 ransom ultimatum that was released. However, city officers now think the ultimate cost might be about $11 million higher, as per a “secret and private” document gotten by The Atlanta Journal-Constitution.

The attack has prompted a whole renovation of the city’s software and systems, including system updates, innovative software, and the buying of new safety facilities, laptops, tablets, computers, and mobile phones.

The Colorado Division of Transportation was also attacked with SamSam ransomware this year and was issued with an analogous ransom call. Like the City of Atlanta, the ransom wasn’t paid. In its instance, the cleanup is supposed to cost about $2 million.

When confronted with wide interruption and a huge cleanup bill it’s no shock that many sufferers select to pay the ransom. Now new numbers have been announced that verify just how many sufferers have paid to recoup their files and recover control of their computer systems.

 

The latest study of the cryptocurrency wallets utilized by the threat actor behind the SamSam ransomware has disclosed there have been 223 ransom payments made by sufferers in the two and a half years since the release of the first SamSam ransomware variation. The payments total nearly $6 million, more than six times the amount earlier considered to have been earned by the threat actor behind the attacks.

 

A number of cybersecurity companies have informed a slowdown in ransomware attacks as threat actors shift to spreading cryptocurrency mining malware because of the higher possibility for profits. Nevertheless, there has not been any slowdown in SamSam ransomware attacks.

 

How to Obstruct SamSam Ransomware Attacks

The only way of making sure a complete recovery besides paying the ransom is to reconstruct affected machines. It’s for that reason important that firms have a strategy for such a possibility if they are to avoid having to pay the ransom.