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Hosting firm says it lost all customer data after ransomware attack
(www.bleepingcomputer.com)
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this post was submitted on 24 Aug 2023
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Technology
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I feel really bad for everyone involved - customers and staff. The human cost in this is huge.
Yes, there's a lot of criticism of backup strategies here, but I bet most of us who deal with this professionally have knowledge of systems that would also be vulnerable to malicious attack, and that's only the shortcomings we know about. Audits and pentesting are great, but not infallable and one tiny mistake can expose everything. If we were all as good as we think we are, ransomware wouldn't be a thing.
I think that people generally overestimate how much money tech companies like this one actually make. Their profits are tiny. A lot of the time, tech companies run on investment money, and can't actually turn a profit. They wait for the big acquisition or IPO payday. So if you think you're actually gonna get 100k off them, good luck. Sometimes they're barely keeping the lights on.