Feb. 2 Cyber News
"The company implemented its incident management and response plan and business continuity plans, including implementing remediation measures to mitigate the impact of the incident and restore affected systems and functions," JCI noted in the SEC filing, adding that the $27 million price tag for the effort takes into account cyber insurance payouts, and includes the cost of retaining outside cybersecurity specialists.
?
Last year, ransomware attacks increased each of the first three quarters and then declined slightly in Q4. Q4 attacks dropped by 7% from Q3, with 1,278 victims observed on ransomware leak sites. Despite this sequential quarterly drop, Q4 2023 activity was still up year over year. In addition, 2023 established a new record for ransomware attacks with 4,496 total leak site victims, compared to 2,670 in 2022 and 3,048 in 2021.
?
Ransomware gang LockBit is claiming responsibility for an attack on a Chicago children's hospital in an apparent deviation from its previous policy of not targeting nonprofits.
Stooping to new lows, the criminals are reportedly unwilling to reverse the attack on Saint Anthony Hospital, as they had done in previous cases such as Toronto's SickKids hospital.
What's more, it apparently thinks a nonprofit hospital has the funds to pay a $800,000 ransom. Saint Anthony Hospital has not explicitly stated whether it will or won't pay, but with a sum this large it's highly unlikely that it would ever consider paying, let alone have the funds available to do so.
?
Ransomware attacks are no joke, and the $27M cleanup cost for Johnson Controls is a stark reminder of the impact cyber threats can have. Cybersecurity vigilance is key, and it's crucial for organizations to stay ahead of these evolving risks. #CyberSecurity #Ransomware #StayVigilant #iwork4dell