On February 25th, 2024, a sophisticated ransomware attack struck the City of Hamilton, crippling roughly 80 percent of its network. This included business licensing, property-tax processing, and transit-planning systems. Cybercriminals proceeded to demand an $18.5 million ransom that the city refused to pay. In April 2025, a new and interesting facet to this story emerged.... The post MFA failure costs Hamilton $18m in cyber insurance payout appeared first on Specops Software.
