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Tag: cryptocurrency

IT Services & IT Solutions Mississauga & Toronto

Florida’s Lake City and Riviera Beach City Hit by Ransomware, Pays $500 000 each for Decryption

The list of ransomware victims continues to grow. Florida’s Lake City and Riviera Beach City have both fallen victim to cyberattack. Both cities have been forced to pay $500 000 each to the attackers in attempts to unlock the encrypted files. On June 5th, the City of Riviera Beach released an official announcement stating that…
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Protecting yourself against Cryptojacking

A cryptojacking attack has forced St. Francis Xavier University to temporarily shut down its computer network systems. The university reports that the cyberattackers attempted to use the school’s computers resources to collect digital currency. What are cryptomining and cryptojacking? Cryptomining is the use of computer resources to collect cryptocurrencies such as bitcoin. The act of…
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