By CCN Markets: Hackers who paralyzed Florida’s Riviera Beach City’s IT infrastructure are about to laugh all the way to the bank. This is after the Riviera Beach City Council voted to authorize the city’s insurer to meet the ransom demands of the hackers who planted ransomware in the city’s computer systems. The hackers have been demanding 65 bitcoins, worth over $606,000 at the current bitcoin price, per The Palm Beach Post.
Quick bitcoin ransom payment
Perhaps as an indication of the urgency of the matter, the council voted unanimously in two minutes the board to authorize the payments. The city will fork out about $25,000 to cover the deductible.
The ransomware attack started towards the end of last month. It has been traced to the opening of an infected email attachment by an employee at the city’s police department. Essential services such as email were knocked offline.
The city has had to resort to a manual workaround to make payments to vendors and to accept payments for utility services.
And the bill keeps growing…
The hefty bill of over $600,000 in bitcoin is not the only expense that Riviera will incur though following the ransomware attack. Earlier this month the Riviera Beach City Council authorized a payment of $941,000 for the purchase of new computer hardware.
The city has also hired consultants for undisclosed costs. This could bring the total costs incurred from the ransomware attack to well over $1.5 million.
While the city’s acting IT manager had revealed to the council that email services and the city’s website are now operational, the website seems to have gone offline again.