Riviera Beach agrees to $600,000 ransom payment to regain data access

Tony Doris reports:

The Riviera Beach City Council has authorized the city’s insurer to pay nearly $600,000 worth of ransom to regain access to data walled off through an attack on the city’s computer systems.

In a meeting Monday night announced only days before, the board voted 5-0 to authorize the city insurer to pay 65 bitcoins, a hard-to-track cryptocurrency valued at approximately $592,000. An additional $25,000 would come out of the city budget, to cover its policy deductible.

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