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by pc86 2129 days ago
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.

1 comments

It was partly covered by insurance.
Which came from insurance premiums paid by the university.
which was paid for with tuition, grant, donation, state or taxpayer funds
Which will continue to pay for the now-increased ongoing premiums.
Turtles
We're talking about the part that wasn't.
Even the insurance policy that distributed the payout was ultimately paid for with those funds.
Sunk cost
Plus obviously insurance simply means they're using tuition money to pay for ransoms, but all the time, not just when they're threatened.
If they're spending it all the time anyway, why shouldn't the payment have been made?