Cyber Attack Shuts Down Decades Old Business

The Heritage Company suffered a vicious ransomware attack, resulting in job losses for its 300 employees just before Christmas.

In a letter to employees, company CEO Sandra Franecke shared the news that the 61-year old firm would cease operations.

[CEO Franecke] opted to pay the ransom. A decryption key was received but the IT staff has been unable to bring the systems back online.

Unfortunately, there is no assurance that the decryption key will work, even if a company pays the ransom.

While some cybercriminals do release files, others either don’t have the correct key or simply have permanently encrypted or wiped the data.

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Original article here.
[https://www.scmagazine.com/home/security-news/ransomware/ransomware-shuts-down-the-heritage-company/]