ARRL’s $1 Million Ransom Payoff: Insurance Saves the Day After Cyber Attack
The American Radio Relay League (ARRL) paid a $1 million ransom to the Embargo ransomware gang after a May cyber attack. The ransom was covered by insurance, which eased the financial blow. The ARRL is now working to restore affected systems and enhance security measures.
Hot Take:
Guess the hackers didn’t get the memo that “Ham Radio” doesn’t mean they’re rolling in bacon! ARRL just paid a cool $1 million to decrypt their systems. I guess nothing says “emergency communications” like negotiating with cybercriminals!
Key Points:
- ARRL paid a $1 million ransom to decrypt systems after a ransomware attack.
- The attack was attributed to the Embargo ransomware gang.
- Only 150 employees were affected by the data breach.
- Insurance largely covered the ransom and restoration costs.
- Restoration of systems is expected to take up to two months.
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