Q: I wish to know what dollar amounts are budgeted to protect/update our city’s business software infrastructure against any third party hostage. Can we buy insurance coverage to budget for any possible systems ransom payment?
A: In the City of Irving's budget the Information Technology (IT) Department has budgeted $340,470 for security software. A supplemental request for $206,000 for a managed security service provider has been submitted for approval. The City also has cybersecurity coverage insurance which covers ransomware.