The Law Society is Manitoba: Law firm collective
Risk to Small Business: 1.475 = Extreme
Two Manitoba law firms experienced a ransomware attack that crippled their operations. The encryption left employees unable to access computer systems, digital files, email, or data backups. As a result, firms are left without their client lists, accounting and financial information, photos, and other mission-critical information. The ransomware infected the firms’ systems after employees opened a malicious email attachment. According to the company, cybercriminals are demanding an “enormous” ransom that the companies are unable and unwilling to pay.
Individual Risk: At this time, no personal information was compromised in the breach.
Customers Impacted: Unknown
How it Could Affect Your Customers’ Business: The challenging business environment created by the COVID-19 pandemic leaves little room for additional setbacks. Since ransomware attacks carry multifaceted expenses, including productivity loss, opportunity cost, and technology recovery, every company needs to be confident that it has its bases covered when it comes to this increasingly prominent threat.