Home Blockchain News Baltimore’s Ransomware Bill Hits $18 Million. Hackers’ Demand? $80,000 in Crypto

Baltimore’s Ransomware Bill Hits $18 Million. Hackers’ Demand? $80,000 in Crypto

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By CCN: Total costs from the crypto ransom attack last month on Baltimore’s networks is likely to exceed $18 million. According to Ars Technica, this will include $10 million to fund the full recovery of the IT infrastructure. Additionally, officials have estimated that the city lost revenues amounting to approximately $8 million while the systems were down. So far the city has already spent over $1 million on new computer hardware. Baltimore has also hired temporary workers who are assisting in the malware cleanup process. $80,000 crypto ransom – to pay or not to pay? The lost revenues and the cost

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* First published on ccn.com

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