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Can new cybersecurity standards stave off the booming ransomware business – National Observer

June 5, 2024

The ransomware business is booming in Canada.

Recent victims have included large corporations such as retailer London Drugs, as well as the City of Hamilton, Ont., and the government of Newfoundland and Labrador.

But the criminals who sometimes brag of their attacks on the so-called dark web don’t seem fussy about their targets, based on a small sample of the targets listed by B.C.-based threat analyst Brett Callow. Among them have been a B.C. library network, the province’s First Nations Health Authority and an Ontario charity for disabled children.

Cybersecurity experts say the spate of attacks has serious implications for victims and the public, and organizations need multi-layered protection in a landscape of fledgling online security standards.

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