Another Florida city is making a ransomware payment, worth nearly $500,000 this time

It turns out that hackers are a lot like retirees. When they’re looking for an easier life, they go to Florida. Lake City, a city of about 12,000 people between Tallahassee and Jacksonville, on Tuesday agreed to pay ransomware hackers 42 bitcoins, the equivalent $490,421, to unlock phone and email systems following a cyberattack, according to the Gainesville Sun. An insurer is paying most of that, with the city kicking in $10,000, the newspaper reported. Lake City’s news follows similar actions by the government of Riviera Beach, on the state’s Atlantic coast, which agreed last week to pay roughly $600,000 to recover. City leaders throughout the U.S. undoubtedly took notice of that case as well as the aftermath of the May ransomware attack in Baltimore, which knocked digital services offline. It cost taxpayers roughly $18 million after lawmakers declined to pay a ransom once worth roughly $104,000. While many businesses hit with ransomware quietly pay the digital … Continue reading Another Florida city is making a ransomware payment, worth nearly $500,000 this time