July 01 - 12:07
Lake City, FL agrees $460k ransom with cyber attackers
The city of Lake City, Florida has agreed to pay a ransom of 42 Bitcoin (approx $460k) to cyber attackers that targeted its telephone and email systems. The city agreed to the ransom at a Special Council Meeting last week. It has received decryption key from the attackers and expects to get its systems back online shortly. It will pay just $10k of the ransom, with the rest covered by insurance.
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