Sudbury.com reports that last year’s cybersecurity incident at Laurentian University cost the university $818K in fees related to consulting and coaching, credit monitoring, overtime, and other costs. The university received a ransom demand from the attackers, but did not pay the ransom. Cybersecurity expert Ritesh Kotak told Sudbury.com that these expenses were not unusual—insurance companies often require an organization to bring in external help to deal with a cybersecurity breach, for example—and could have been higher if any physical infrastructure required replacement. The university has submitted an insurance claim for the costs.
Sudbury.com (1)
| Sudbury.com (2)
