City of Valdez, Alaska admits to paying off ransomware infection
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Officials from the city of Valdez, Alaska have admitted last week to paying $26,623.97 to hackers after the city’s IT network was crippled by a ransomware infection in July. “Based on recommendations from several cyber-crimes specialists, the City engaged a specialty cyber-incident response and digital forensics firm based out of Virginia,” said the city’s police chief.
Despite the ransomware having infected 27 servers and 170 computers, the third-party firm managed to negotiate the ransom payment down to 4 bitcoin, worth $26,623.97, at the time. The city got off cheap, as ransomware groups usually tend to request between 0.2 and 1 bitcoin per infected system.
Read more about the ransomware attack on the city of Valdez on ZDNet.