Recovery from the ransom ware cyber attack that took down the city’s I-T network on November 13th has cost just under 3 million dollars. In a report to Council’s Finance Committee last evening – staff say most of those costs should be covered by the City’s cyber insurance coverage.
City Manager John Collin disclosed last night the original ransom demand to unlock the network was 17 million dollars to be paid in bitcoin currency – but – there were no guarantees the cyber criminals would keep their end of the agreement once the ransom was paid.
It was decided to build a new network with upgraded security meeting current and future needs. The new network is operational but restoration of some non-critical programs and files is ongoing – and – should be completed within the next month or two.
The full report can be found in the meeting package here.
