BVI News reports:
The BVI Electricity Corporation (BVIEC) continues to grapple with the aftermath of a ransomware attack that occurred in August 2024, resulting in operational disruptions and significant financial costs.
General Manager Dr Neil Smith disclosed that the cyberattack cost the corporation “magnitudes of hundreds of thousands of dollars,” though he refrained from specifying the exact amount. He emphasised BVIEC’s stance against capitulating to the attackers’ demands, stating, “We will not be paying anything to anybody who feels that it is their right to attack us.“
The ransomware, identified as Akira, encrypted BVIEC’s data, rendering it inaccessible and demanding a ransom for its release. Dr Smith highlighted the sophistication of the perpetrators, noting, “The people who do these attacks are not regular programmers. These guys are highly skilled.“
Read more at BVI News.
