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Indigo Books & Music Inc
Symbol IDG
Shares Issued 27,684,158
Close 2024-05-22 C$ 2.48
Market Cap C$ 68,656,712
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FP/CP say Indigo, Empire see cyber ransom go unpaid

2024-05-23 08:01 ET - In the News

Also In the News (C-EMP) Empire Company Ltd

The Financial Post reports in its Thursday, May 23, edition that London Drugs says it is "unwilling and unable" to pay a multimillion-dollar ransom to cybercriminals. A Canadian Press dispatch to the Post reports that Empire and Indigo Books & Music have suffered similar attacks. London Drugs says the criminals could leak stolen corporate files containing employee information on the dark web, calling the situation "deeply distressing." It says it notified all employees and is providing them with two years of credit monitoring and identity theft protection services. The retailer was responding to an image posted on the social media platform X, connecting the London Drugs attack to a ransomware group called Lockbit. The image suggested a ransom of $25-million had been demanded from London Drugs with a deadline set for Thursday, adding that the retailer was so far "only willing to pay $8-million." London Drugs' statement says it is unable to "provide specifics on the nature or extent of employee personal information potentially impacted." "London Drugs has been identified by cybercriminals on the Dark Web as a victim of exfiltration of files from its corporate head office."

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