Hamilton Taxpayers on the Hook for Full $18.3M Cyberattack Repair Bill After Insurance Claim Denied

Hamilton taxpayers on the hook for full $18.3M cyberattack repair bill after insurance claim denied

The City of Hamilton must pay the more than than $18 million it has cost to recover from a ransomware attack themselves, after their insurance claim was denied.

Ontario city facing full $18.3M cyberattack bill after insurer denies claim

Hamilton taxpayers are looking at fronting the full cost of a devasting 2024 cyberattack after the city’s insurance company denied its claim.

Lack of 2-step log-in system a 'root cause' of Hamilton cyberattack, says report as $5M in claims denied

The insurance company did not cover any of the city’s claims totalling about $5 million. City staff say they've learned from their mistakes and are taking accountability for the cybersecurity breach.

Hamilton taxpayers on the hook for full cyberattack bill

The $5M cyber insurance policy was denied due to lack of multifactor authentication.

Hamilton, Ont. faces nearly $20 million bill over 2024 cyberattack

This is significantly more than the previously reported cost of $9.6 million .

Response to 2024 cybersecurity breach cost Hamilton $18.3M | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware - National Cyber Security Consulting

Cybercriminals demanded $18.5 million in ransom, but officials say they refused to pay NEWS RELEASE CITY OF HAMILTON ************************* The City of Hamilton provided an update on the February 25, 2024, cybersecurity incident, including new details on how the sophisticated cybercriminals gained access to city systems and the ransom demand of approximately $18.5 million (CAD). […] Thank you for subscribing to our RSS feed! The post Response…