When Ransomware Gets Paid By A City’s Insurance Policies

Remember when the small town of Lake City, Florida paid $460,000 for a ransomware’s decryption key? As they slowly recover 100 years of encrypted municipal records, the New York Times looks at the lessons learned, arguing that cyberattackers have simply found a juicy target: small governments with weak computer protections — and strong insurance policies. The city had backup files for all its data, but they were on the same…

July 7, 2019