CP24 reports:
The City of Hamilton will be on the hook for the more than $18 million it has cost to recover from a ransomware attack after their insurance claim was denied.
In an update presented to a city committee on Wednesday, staff said that its insurer denied the claim for reimbursement of costs related to the February cyberattack because multi-factor authentication (MFA) had not been fully implemented for online services when the attack happened.
Staff said Hamilton obtained a third-party to review the coverage denial, but the review found the denial aligned with the policy.
Read more at CP24.
