Garmin paid a multi-million dollar ransom to criminals

Smartwatch maker Garmin paid a multi-million dollar ransom to criminals who encrypted its computer files through a ransomware negotiation business called Arete IR, sources have told Sky News.

Earlier this week Sky News reported that Garmin had obtained the decryption key to recover its files from the WastedLocker virus.

Security sources believe this virus has been developed by individuals linked to Evil Corp, a cyber crime group based in Russia that was sanctioned by the US Treasury last December... More here.

Some will criticise paying a ransom, but they effectively had their whole business under control for a few days. Very scary...