Recently, ESC Corporate Services was attacked by a ransomware campaign. So how were they infected?
The web portal of the company became non-functional at around 4 a.m. on 25th October. As the business hours started, daily users including both clients and institutions struggled to access the portal.
As a consequence, the head offices of the company in Toronto became busy as the management scratched their heads around the severity and unpredictability of the issue. Ultimately, a cybersecurity expert was roped in who immediately realized that a malware broke into the systems of the company. Furthermore, going by its tendencies and modus operandi, the professional was able to classify it under the “ransomware” category.
A spokesperson from the company, Shea Haverstock, explained that the company was at risk due to a malware attack, which is created to apply encryption on important data and extort money in exchange for ransomware removal. No ransom amount has been disclosed so far.
Afterward, the company explained its predicament via a website note where “system outage” was the term used for the inaccessibility situation. Haverstock explains that his organization has already notified customers. He also revealed that investigations were initiated with the help of hired cybersecurity professionals.
Haverstock stated that ESC does not associate with the data as its “custodian”; thus; he has reaffirmed that no data was compromised. The company’s president, Clara Colledge, presented an apology to its clients and provided the option to switch their tasks with an advanced cloud-based solution.
There have been some talks in the town that the provincial bureaucrats are attempting to cut the outsourced companies from the equation and bring the sale of data back to in-house, which was the practice two decades ago when it was decided that the data will be outsourced.
