Second Florida city pays giant ransom to ransomware gang in a week

Second Florida city pays giant ransom to ransomware gang in a week

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Less than a week after a first Florida city agreed to pay a whopping $600,000 to get their data back from hackers, now, a second city’s administration has taken the same path.
On Monday, in an emergency meeting of the city council, the administration of Lake City, a small Florida city with a population of 65,000, voted to pay a ransom demand of 42 bitcoins, worth nearly $500,000.
CITY HAD BEEN DOWN FOR TWO WEEKS
The decision to pay the ransom demand was made after the city suffered a catastrophic malware infection earlier this month, on June 10,¬†which the city described as a “triple threat.” Read more…