Papa New Guinea’s Finance Department Suffers Massive Ransomware Attack

By   ISBuzz Team
Writer , Information Security Buzz | Oct 29, 2021 02:47 am PST

BACKGROUND:

It has been reported that Papua New Guinea’s finance department has been hit with a ransomware attack, locking access to hundreds of millions of dollars in foreign aid money, according to people familiar with the situation. The attack on the Department of Finance’s Integrated Financial Management System (IFMS) occurred last week, the people said. The IFMS consolidated the Pacific nation’s budget and accounting for all tiers and departments of government onto a platform. It controls access to funds for the government, which is heavily reliant on foreign aid.