Even large cities, however, have had to pay smaller ransoms than Riviera Beach. On Monday, the City Council unanimously agreed to have its insurance carrier pay the hackers 65 Bitcoin, a hard-to-trace digital currency, amounting to about $592,000. By making the payment, the City Council hopes to regain access to data encrypted in the cyberattack three weeks ago, though there is no guarantee the hackers will release the data once payment is received.
Join Us On LinkedIn
Join the Cybersecurity and Incident Response Group on LinkedIn