Board Converting News, November 22, 2021

Board Converting News, November 22, 2021

BoardConverting Serving the North American Corrugated and Folding Carton Industries for 37 years November 22, 2021 VOL. 37, NO. 47

Ransomware Readiness And Recovery: 8 Do’s And Don’t’s BY BRYCE AUSTIN There were seven people seated around the table: The CEO, the VP, the CFO, the Special Agent from the FBI, the owner, the forensics tech- nician, and the company’s CISO (Chief Information Security Officer). “Don’t pay” was the CEO’s vote. Same for the VP.

McKinley Packaging To Add New Plant In Lancaster, TX Dallas, Texas based McKinley Packaging, a sustainably operated paper and packaging company, announced the addition of its sev- enth packaging plant. The 500,000 square- foot rail-served building in Lancaster, Texas, will create 100 jobs in total when running at full capacity across three shifts, Monday through Friday. “We started looking at properties back in July 2020 and decided, as a company, that Lancaster is a market we want to grow in,” said Anthony Garcia, McKinley’s Vice Presi- dent of Operations. The Lancaster expansion marks another significant milestone for the Bio Pappel sub- sidiary. Known as the largest manufacturer of paper and corrugated materials in Latin Amer- ica, Bio Pappel launched expansion efforts in the United States seven years ago. Since then, McKinley Packaging has represented the company’s strategic growth success with its now seven plants, two paper mills, and five recycling centers across the U.S. markets. Efforts to locate the ideal market for McKinley’s seventh packaging plant were spearheaded by Global Site Location Indus-

“Pay it” was the owner’s response. The CFO nodded in agreement. “Paying could be a violation of Federal law” stated the FBI repre- sentative. The CISO had a hard time getting words out, as this was the largest ransom that he had dealt with at the time. $1,200,000 was a lot of mon- ey. “I don’t see another option given the status of our backups. Either we pay the ransom or we begin liquidating the assets of the company as soon as possible. Which is the lesser of two evils?” The CISO negotiated the ransom down to $410,000. The Bitcoin took several hours to amass. The cybercriminals delivered a decryp- tion key, but 30 percent of the company’s >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44

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