Tag: "WannaCry"

Protecting Your Company from Cyberattacks

| December 23, 2019

By Steven J.J. Weisman
TALKERS 
Legal Editor

 

BOSTON — It is being reported by Jerry Del Colliano that radio giant Entercom has suffered its second major cyberattack in the last three months.  The attack which occurred over the weekend appears to be another ransomware attack.  In a September ransomware attack, it was reported that the hackers demanded a ransom of $500,000 to return control of affected systems which included email, phones, production, billing, and other crucial systems.  These ransomware attacks are not isolated incidents.  In the last year, other major radio companies including Townsquare Media and Radio One were hit with similar ransomware attacks, as were numerous smaller radio stations.  You are never too big or too small to be a victim of a ransomware attack.

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Learning from Entercom’s Ransomware Attack

| September 17, 2019

by Steven J.J. Weisman
Legal Editor
TALKERS magazine

 

BOSTON — Although not officially confirmed by the company itself, numerous reports indicate that media giant Entercom Communications has suffered a ransomware attack by unknown cybercriminals demanding a reported $500,000 ransom that the company is refusing to pay.  One of the more interesting aspects of this ransomware attack is the amount of the demand, which is much higher than most ransomware demands.  According to security company Coveware, the average demand this year is $12,762 — double the average demand in 2018.

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