PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Another Major Business Taken Out by Ransomware

By Tim Sloane
July 27, 2020
in Analysts Coverage, Fraud & Security, Fraud Risk and Analytics, Security
0
5
SHARES
0
VIEWS
Share on LinkedIn
Ransomware

Garmin is the latest company to have every one of its online assets taken down by ransomware (Garmin Connect, Garmin Dive, Garmin Golf, Garmin Coach, flyGarmin,  vivofit jr., ConnectIQ, Live Track, Strava, Workouts, Third Party Sync). In this case, the culprit was WastedLocker, which is good because WastedLocker hasn’t yet evolved to add the ability to steal data; it can only encrypt it. This means a smart well executed backup strategy can recover the data.

Here’s a brief excerpt on the topic from a TechCrunch article:

Garmin has said little about the incident so far. A banner on its website reads: “We are currently experiencing an outage that affects Garmin.com and Garmin Connect. This outage also affects our call centers, and we are currently unable to receive any calls, emails or online chats. We are working to resolve this issue as quickly as possible and apologize for this inconvenience.” In a brief update on Saturday, Garmin said it had “no indication that this outage has affected your data, including activity, payment or other personal information.”

The two sources, who spoke on the condition of anonymity as they are not authorized to speak to the press, told TechCrunch that Garmin was trying to bring its network back online after the ransomware attack. One of the sources confirmed that the WastedLocker ransomware was to blame for the outage.

One other news outlet appeared to confirm that the outage was caused by WastedLocker.

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

5
SHARES
0
VIEWS
Share on LinkedIn
Tags: CybercrimeGarminRansomwareSecurity

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    stablecoin compliance

    The Death of the Payment Router: Why “Compliance as an OS” is the Only Way Forward for 2026

    August 5, 2026
    payment choice

    Why Payment Choice Still Matters in a Digital-First Economy

    August 4, 2026
    Customer, shopping and credit card for florist shop payment with POS machine or phone for sale of flowers at small business. Hands of woman paying with rfid technology for service at retail store.

    The Enduring Power of Cards in a Digital-First Era

    August 3, 2026
    visa mastercard settlement

    How AI Is Testing the Limits of Credit Card Compliance

    July 31, 2026
    prepaid disbursement cards

    When Payment Choice Becomes the Expectation

    July 30, 2026
    crypto payments, crypto payouts

    Why Crypto Will Be the New Standard for Global Payouts

    July 29, 2026
    financial accounting software

    What Happens When a Credit Union Outgrows Its Accounting System

    July 28, 2026
    payment credential management

    Why Payment Declines Are a Data Issue, not a Checkout Problem

    July 27, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result