Zephyrnet Logo

Ransomware attack cost New Orleans $7 million and counting

Date:

A
ransomware attack on New Orleans has racked up at least $7 million in financial
damage to The City That Care Forgot, its mayor said.

New
Orleans was able to get back $3 million through a cyber insurance policy, the
mayor told
WVUE, which also cited Chief Administrative Officer Gilbert Montano as saying
the city has an IT backlog in the wake of the December attack.

“Now,
we’re in the stabilization period,” Montano said. “We are trying to rebuild
what we had to turn off essentially and that is a long, laborious,
time-sensitive process and that’s where I am telling staff and employees we’re
looking maybe at a six to eight month window before actual normalcy starts to
integrate all of our systems.”

Source: https://www.scmagazine.com/home/security-news/ransomware/ransomware-attack-cost-new-orleans-7-million-and-counting/

spot_img

Latest Intelligence

spot_img

Chat with us

Hi there! How can I help you?