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Photo: Getty Images

The March 22 ransomware attack on Atlanta, Georgia, could cost the city an additional $9.5 million in recovery funds, Reuters reports.

Why it matters: That’s likely not the final number of how much the cyberattack will cost the city. Although Atlanta’s administration hasn’t revealed a lot about the scope of the impact from the hack, we now know the cyberattack’s reach was larger than previously known, according to Atlantas’s Information Management head, Daphne Rackley, who said the list of what was affected is "growing every day." And the administrators are still working out total costs.

The impact: More than a third of the Atlanta’s 424 software programs are disabled, and some are mission critical, meaning they impact the city’s core functions. Police have lost records of dash cam footage and courts have lost decades of legal documents.

The big picture: Ransomware hacks are not showing signs of stopping any time soon. If states already strapped for cash become targets for similar attacks, this will become a very expensive ordeal — even if cities don't pay the ransom to gain back access to files or systems it was shut out of during the hack.

What to do: Many experts do not recommend cities pay ransoms in ransomware hacks since cities could still dish out potentially thousands of dollars and still be stuck in the hack. Updating software and not clicking on links in emails, or visiting suspicious web sites could prevent ransomware hacks from starting in the first place.

Go deeper

Drought, record heat wave in West tied to climate change

People on Folsom Lake in Granite Bay, California, U.S., June 16, 2021. Photo: David Paul Morris/Bloomberg via Getty Images

The prolonged and widespread heat wave in the West, along with the region's increasingly severe drought, is a sign of how climate change has already tilted the odds in favor of such extremes, studies show.

Why it matters: The rapidly growing Southwest, in particular, is also the nation's fastest-warming region. The combination of heat and drought could lead to a repeat, or even eclipse, the severity of 2020's wildfire season in California and other states.

Ben Geman, author of Generate
2 hours ago - Energy & Environment

What to watch as infrastructure talks heat up

Illustration: Annelise Capossela/Axios

A mix of Beltway action and extreme weather events have brought the fault lines in infrastructure talks and their planetary stakes into sharper focus.

Catch up fast: Senate Democratic leaders pledged to seek big climate measures in a multitrillion-dollar, Democrats-only package that faces a very narrow political path.

Kendall Baker, author of Sports
4 hours ago - Sports

The sports stock market

Note: Michael Jordan's card is for baseball; Data: Alt; Table: Andrew Witherspoon/Axios

Shohei Ohtani's trading card value has risen 781% since the start of 2021, the highest year-to-date return of any athlete on Alt, a sports card exchange that aims to bring more liquidity to alternative assets.

Why it matters: The trading card market is the closest thing we have to a stock market for sports.