Hacker News new | ask | show | jobs
by sgeorge96 2131 days ago
It was partly covered by insurance.
2 comments

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?