Days after the U.S. Conference of Mayors passed a resolution opposing the payment of ransoms by cities following a ransomware attack La Porte County’s government has done the opposite after its files were encrypted. According to WSBT-TV, the municipality has paid a Bitcoin ransom worth approximately $130,000 to cyber attackers who encrypted its files.
At the current prices, this translates to about 11.4 Bitcoin. La Porte County will pay $30,000 while its insurer will pay the bulk of the ransom. The cybersecurity insurance policy was reportedly authorized last year.
FBI’s decryption software fails the test:
The decision to pay the Bitcoin ransom was made after leaders of the municipality consulted FBI’s cyber experts and determined that the Bureau’s decryption software could not unlock the encrypted data.
That the cyber attackers unleashed Ryuk ransomware on La Porte is in line with trends already established.
According to the FBI, the Ryuk has had a ‘disproportionate impact’ on among others ‘small municipalities’.