South Florida city agrees to pay hackers 65 bitcoin138

A city in Florida has decided to pay-out nearly $600,000 worth of bitcoin to hackers who jeopardized its computer systems at the end of May, according to a report by The New York Times.

Riviera Beach, a 35,000-person city north of West Palm Beach, agreed during a city council meeting Monday to pay the hackers to restore its computer networks, which were crippled by an email virus. It is the latest type of extortion of a municipality, which typically rely on out-dated technology, according to the report.

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