40 FRENCH MUSEUMS HIT BY RANSOMWARE AMID OLYMPICS

Wed 07 August 2024:

Around 40 French museums, including the Grand Palais where Olympic events are being held, fell victim to a ransomware attack last weekend, local media BFMTV reported on Tuesday.

The ransomware encrypts files to prevent access and typically demands a ransom for their release, according to the French National Agency for the Security of Information Systems (ANSSI) and the Paris Public Prosecutor’s Office.

The origin and perpetrators of the attack remain unknown, but investigations are underway. There has been no reported impact on the staging of the Olympic or Paralympic Games, according to ANSSI.

The French government revealed that, since July 22, they have detected and thwarted 68 cyberattacks targeting Olympic Games operations.

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What is ransomware?

Ransomware is a type of malware that holds a victim’s sensitive data or device hostage, threatening to keep it locked—or worse—unless the victim pays a ransom to the attacker.

The earliest ransomware attacks simply demanded a ransom in exchange for the encryption key needed to regain access to the affected data or use of the infected device. By making regular or continuous data backups, an organization could limit costs from these types of ransomware attacks and often avoid paying the ransom demand.

In recent years, ransomware attacks have evolved to include double-extortion and triple-extortion tactics that raise the stakes considerably. Even victims who rigorously maintain data backups or pay the initial ransom demand are at risk.

Double-extortion attacks add the threat of stealing the victim’s data and leaking it online. Triple-extortion attacks add the threat of using the stolen data to attack the victim’s customers or business partners.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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