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Baltimore City Cryptocurrency Ransomware Attack Will Cost At Least $18 Million
06-06-2019, 07:21 AM,
#1
Baltimore City Cryptocurrency Ransomware Attack Will Cost At Least $18 Million
Baltimore City Cryptocurrency Ransomware Attack Will Cost At Least $18 Million 

<p>Baltimore has been struggling with an aggressive cyber-attack over the last five weeks, previously profiled here, it has now been revealed the attack will cost the city $18.2 million, reported WBAL-TV 11. The cost estimates were disclosed at a recent City Council budget hearing: city officials have already paid $4.6 million for recovery efforts since the ransomware was discovered May 7 and could spend an additional $5.4 million in 2H19. The remaining $8.2 million is from the loss or delayed revenue and loss of interest and penalty income.</p>


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