May 14, 2019
Ransomware News: Baltimore Hit by Cyber Attack
The city of Baltimore is recovering from the effects of a ransomware attack. The attack shut down most of the city’s servers and impacted various vital systems including email, some online payments, permits, and parking fare databases. Last fall, Baltimore experienced a similar attack which affected their 911 system.
According to reports, the workforce was significantly slowed down and many employees were unable to do their jobs. The attack appears to be a type of ransomware called RobbinHood, which is still relatively new. The city had to quarantine their networks and manually provide services during the outage.
It is unclear what the ransom demand was, but as we found in Datto’s State of the Channel Ransomware Report, the initial ransom demand is not what breaks the bank. Instead, the aftermath and cost of downtime are the crippling factors. MSPs report the average requested a ransom for SMBs is ~$4,300 while the average cost of downtime related to a ransomware attack is ~$46,800.
To learn more about the current landscape of ransomware and how you can avoid falling victim, check out the full report today.