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.’”

Source: Michigan Utility Paid $25,000 Ransom After Cyberattack

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.