Michigan Utility Paid $25,000 Ransom After Cyberattack
“Officials say the Lansing Board of Water & Light in Michigan has paid a $25,000 ransom to unlock its internal communications systems after they were disabled in the spring by a cyberattack.
General manager Dick Peffley told the Lansing State Journal it cost about $2.4 million to respond to the emergency, including paying for the ransom and technology upgrades to prevent future attacks. He says all but $500,000 of those costs are covered by insurance. He also said paying the ransom was ‘distasteful and disgusting, but sadly necessary.’”