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A comment on University of Utah pays $457k to ransomware gang. Parent comment

Re:University of Utah pays $457k to ransomware gang by pc86 on Friday August 21, 2020 @11:47AM (#24235836)
No you don't understand, they didn't use that money, they used different money! Nevermind that money is fungible.

Unless they set money in the budget every year for "Ransomware Insurance Shortfall" this is 100% "tuition, grant, donation, state or taxpayer funds" at some point in the chain.

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Re:University of Utah pays $457k to ransomware gang by sgeorge96 on Friday August 21, 2020 @11:54AM (#24235910)
It was partly covered by insurance.
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Re:University of Utah pays $457k to ransomware gang by lotsofpulp on Friday August 21, 2020 @12:13PM (#24236121)
Which came from insurance premiums paid by the university.
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Re:University of Utah pays $457k to ransomware gang by abluecloud on Friday August 21, 2020 @12:24PM (#24236250)
which was paid for with tuition, grant, donation, state or taxpayer funds
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Re:University of Utah pays $457k to ransomware gang by mywittyname on Friday August 21, 2020 @03:19PM (#24238001)
Which will continue to pay for the now-increased ongoing premiums.
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Re:University of Utah pays $457k to ransomware gang by edoceo on Friday August 21, 2020 @03:34PM (#24238126)
Turtles
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Re:University of Utah pays $457k to ransomware gang by pc86 on Friday August 21, 2020 @11:57AM (#24235932)
We're talking about the part that wasn't.
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Re:University of Utah pays $457k to ransomware gang by scarmig on Friday August 21, 2020 @12:06PM (#24236045)
Even the insurance policy that distributed the payout was ultimately paid for with those funds.
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Re:University of Utah pays $457k to ransomware gang by colinmhayes on Friday August 21, 2020 @05:51PM (#24239242)
Sunk cost
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Re:University of Utah pays $457k to ransomware gang by candiodari on Friday August 21, 2020 @12:08PM (#24236064)
Plus obviously insurance simply means they're using tuition money to pay for ransoms, but all the time, not just when they're threatened.
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Re:University of Utah pays $457k to ransomware gang by jessaustin on Friday August 21, 2020 @02:58PM (#24237806)
If they're spending it all the time anyway, why shouldn't the payment have been made?
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